Top Financial Terms You Must Know! Banks, NBFCs, The RBI (Series 3)
By understanding various financial terms and the mechanism in which it functions, one can reach great heights. Finance is a vast subject which has several branches.
Features of NBFCs
What Are NBFCs?-Non Banking Financial Companies: Ultimate Meaning, Features, Impact
NBFC stands for Non Banking Financial Companies.Non banking financial companies (NBFCs) are institutions that facilitate financial services like a bank but don’t hold a banking license and are not regulated. NBFCs cannot accept traditional demand deposits from the public, such as checks or savings accounts.