Non-Banking Financial Companies (NBFCs) play a crucial role in India’s financial sector by providing services that traditional banks often overlook, such as asset financing, microfinance, and infrastructure lending.
As the Indian economy continues to grow, the demand for NBFCs has surged, making them a lucrative business opportunity.
However, establishing an NBFC in India involves navigating a…
The Non-Banking Financial Company (NBFC) sector is a critical component of India's financial ecosystem, providing credit and other financial services where traditional banks may not operate. For anyone looking to enter this industry, setting up an NBFC involves understanding various regulatory norms, compliance requirements, and the necessary documentation. This comprehensive guide will walk you through the…
NBFCs (non-banking financial companies), unlike other banking institutions they don't adhere to banking regulations but are regulated by Reserve Bank of India and are registered institutes under the companies act 1956 or Companies Act 2013.
In India, there are mainly two kinds of NBFC:
Depositing accepting NBFCs - regulated by RBI
Non-deposit accepting NBFCs…