What Is Non Banking Financial Company?

Our gardener said that his son has got his loan sanctioned to get a house for their family so I asked from which bank had he taken the loan. The gardener said that it is a NBFC, that is a Non Banking Financial Company and he could not tell its name. I came into my house and asked my father Non Banking Financial Company, isn’t it risky? She simply said that everything is risky but you need to have faith. As for NBFC, she said that it is an institution or a non-bank financial company that does not have a full banking licence either is supervised by a national or international banking regulatory agency.

What is a Non Banking Financial Company?

After having an idea about

what is a Non Banking Financial Company, I tried to know about the types. Here is the list of the types that I got to know:

• Insurance firms

• Venture capitalists

• Currency exchanges

• Some microloan organisations and

• Pawn shops

I hope these details are enough to know what is NBFC bank.

• Power Finance Corporation Limited

• Bajaj Finance Limited

• Muthoot Finance Limited

• Mahindra & Mahindra Financial Services Limited

• L & T Finance Limited and more

This is all I had to say about

what is Non Banking Financial Company and few details related to it.

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