Non-Banking Financial Company (NBFC)

Non-Banking Financial Company (NBFC),

Non-Banking Financial Company (NBFC): What is the Meaning of Non-Banking Financial Company (NBFC)?

Definition of Non-Banking Financial Company (NBFC): A non-banking financial corporation (NBFC), also called a non-banking financial institution (NBFI), is a financial institution that offers a variety of banking services but does not have a banking license. Is. Generally, these institutions cannot accept public deposits in traditional currency, check accounts such as available funds or accept savings accounts. These restrictions have kept them out of the traditional sphere of control by federal and state financial regulatory authorities.

  • A non-banking finance corporation (NBFC), also called a non-banking financial institution (NBFI), is a company that provides some banking and financial services but does not have a banking license. ۔
  • The NBFC is not subject to federal or state banking regulations or oversight that traditional banks have adhered to.
  • Examples of NBFCs are investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds and P2P lenders.
  • Since the Great Depression, the number and types of NBFCs have increased and they have played a key role in meeting the limited demand for credit from traditional banks.

Literal Meanings of Non-Banking Financial Company (NBFC)

Non:

Meanings of Non:
  1. Denial or absence of expression

  2. (Adjective included) As stated.

  3. (Join in a verb to make an adjective) Don't provoke or demand.

  4. Neutrals express negative meanings when they have a specific meaning of the appropriate form that begins with them (such as inhuman vs. inhuman).

Sentences of Non
  1. No aggression

  2. Non slip

Banking:

Meanings of Banking:
  1. Activities or services offered by the bank.

  2. Artificial bank or landfill.

  3. Use another locomotive to add extra power to the train going up.

Sentences of Banking
  1. With this account you are entitled to free bank

  2. Four motors of this class are used for bank operations

Synonyms of Banking

accounting, business, pecuniary, economic, commercial, money, investment, budgetary, fiscal, banking, monetary

Financial:

Meanings of Financial:
  1. Financial or financial status of an organization or person.

  2. In terms of finances.

Sentences of Financial
  1. You just have to be more discriminating with the help you render toward other people.

  2. Independent financial advisor

Synonyms of Financial

fiscal, commercial, banking, money, monetary, accounting, investment, economic, budgetary, business, pecuniary

Company:

Meanings of Company:
  1. A trading company

  2. The reality or condition of living with another person, especially in a way that brings friendship and happiness.

  3. Many people gathered, mostly for one purpose.

  4. Central Intelligence Agency.

  5. Form a team to meet him.

Sentences of Company
  1. A transport company

  2. I can use in company

  3. These are the people who have been with us at the moment

Synonyms of Company

undertaking, party, enterprise, set, practice, camaraderie, house, crowd, fellowship, band, amity, comradeship, body, crew, agency, organization, business, circle, firm, company, office, corporation, concern, friendship, presence, closeness, companionship, institution, establishment, operation