Day: July 20, 2021

nbfc-everything-know
Economics 5 min read
Non Banking Financial Company (NBFC) – Everything You Should Know

Non-banking financial companies, or what is popularly known as NBFCs, are financial entities, albeit different from traditional banks. NBFCs don’t possess a banking license issued by RBI. NBFCs are legally authorized to sanction loans and initiate credit facilities to debtors. Some NBFCs also help individuals with retirement planning. Investment banks, money market funds, hedge and ... Non Banking Financial Company (NBFC) – Everything You Should Know