NBFC stands for Non-Banking Financial Company. NBFCs are financial institutions that offer banking services without holding a banking license. They provide services like loans, credit facilities, retirement planning, and investment advice. NBFCs are regulated by the Reserve Bank of India (RBI) and are required to maintain a minimum capital adequacy ratio. Examples of NBFCs in India include Bajaj Finserv, Mahindra & Mahindra Financial Services, and L&T Finance Holdings.

Indel Money Interview Questions: What is NBFC?

Asked inIndel Money,Customer Service Executive

What is NBFC?

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NBFC stands for Non-Banking Financial Company.

NBFCs are financial institutions that offer banking services without holding a banking license.
They provide services like loans, credit facilities, retire...read more

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