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NBFC- Loan Company - taxguru.in

The NBFC loan companies are generally small partnership firms which accept deposits from the public at high-interest rates, and further give loans to the retailers, small scale firms, wholesalers, self-employed persons, etc. at a higher rate of interest.-…

Non-Banking Financial Companies – NBFCs Defination

Non-banking financial companies (NBFCs) are entities or institutions that provide certain bank-like and financial services but do not hold a banking license. NBFCs are not subject to the banking regulations and oversight by federal and state authorities adhered to by traditional banks.…

Top 10 Non-Banking Financial Companies (NBFCs) in India ...

Non-Banking Financial Companies (NBFC) are establishments that provide financial services and banking facilities without meeting the legal definition of a Bank. They are covered under the Banking regulations laid down by the Reserve Bank of India and provide banking services like loans, credit facilities, TFCs, retirement planning, investing and stocking in money market.…