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International Journal of
Commerce and Management Research
ARCHIVES
VOL. 8, ISSUE 2 (2022)
An overview of NBFCs In India
Authors
Trupti Kanjibhai Kacha, Bhavik M Panchasara
Abstract
Financial sector is most important part of economic system of any country. Nowadays not only banks but other institutions also providing facilities like bank for example NBFCs. It is very interesting things about NBFCs that NBFCs does not hold license like bank but providing services like bank. NBFCs regulated under Companies Act 2013 in India and controlled by RBI. At present so many number of NBFCs working under different sectors like for NBFC- Micro Finance institutions (NBFCs-IMF) for micro business, Investment and credit company for providing credit facilities, NBFC infrastructure Debt fund (NBFC-IDF) for long term Debt for infrastructure projects, NBFC peer to peer lending (NBFC-P2P) provide providing online platform for mobilize fund etc. so, it is very interesting to know about NBFCs it types on the basis of activities and how many number of NBFCs working in different state of India for what type of activities. The purpose of article is to know about an overview of NBFCs in India. At present NBFC companies providing financial facilities to industry, agriculture, retail loans etc.
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Pages:27-32
How to cite this article:
Trupti Kanjibhai Kacha, Bhavik M Panchasara "An overview of NBFCs In India". International Journal of Commerce and Management Research, Vol 8, Issue 2, 2022, Pages 27-32
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