Previously there were 3 types of NBFC’s classified by reserve bank of India: Asset Finance Company (AFC) Investment Company (IC) Loan Company (LC) Which is 4th Category? NBFCs...
Unlike the Banks, they cannot accept demand deposits, they are not part of the payment and settlement system and they cannot issue cheques drawn on them. The facility...
NBFC or Non Banking Financial Companies is a company in India, which is registered under the Companies Act, 1956, and which provides banking services without meeting the legal...
