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Non-banking financial companies (NBFCs) are institutions that lend money and make investments, just like a bank. These entities differ from banks in the sense that they cannot issue cheques or accept demand deposits. NBFCs form a crucial part of the country’s financial landscape. These companies offer a number of money-related services to consumers at favourable terms of interest and provide an alternative to bank loans. Like the banks, NBFCs also come under the purview of the Reserve Bank of India. Read More
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Himanshu
Shree Lahiri
