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NBFC (Non Banking Financial Company)


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Today we will cover the topic ‘NBFC’ from Financial Management of CS Executive is discussed below

NBFC (Non Banking Financial Company)


What is “NBFC”?
NBFC is a company registered under Companies Act, 2013 or earlier Companies Act or an institution engaged in the business of loans and advances, acceptance of deposits under different schemes and to invest this money in any manner like acquisition of shares, securities, bonds, hire purchase etc..  RBI Act, 1934 includes a Financial Institution which is a company or a non-banking institution which is a company having its principal business of receiving the deposits under any arrangement or scheme or in any other manner, or lending in any manner as a NBFC.
NBFC may be categorized as:


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