What is nbfc and how it works? corpseedgroup.blogspot.com
A Non-Banking Financial Company (NBFC Certificate) is a financial institution that provides banking services, but does not have a banking license. Unlike banks, NBFCs are not a part of the central banking system and do not have the authority to accept demand deposits. They are regulated by the Reserve Bank of India (RBI). NBFCs provide various financial services such as loans, asset management, and insurance. They can also issue credit cards, and accept deposits. They are required to register with the RBI and comply with regulations regarding capital adequacy, loan-to-value ratios, and other prudential norms.
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