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A non-banking financial company (NBFC) is a kind of financial institution which provides financial services to individuals as well as to business entities. Such financial services similar to that of the banks but it doesnu2019t necessitate a banking license but such a company owns NBFC License. NBFCs act as an alternative to the banks as they provide financial solutions to the unorganized part of the society.
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THANK YOU Non-Banking Financial Company (NBFC) is a financial institution that does not have banking license but is allowed to offer financial products and services to customers. NBFC Registration is primarily concerned with the business of loans and advances, acquisition of shares, finance leasing, hire-purchase, chit fund, etc