Non-Banking Financial Companies (NBFCs) play a pivotal role in India’s financial ecosystem by providing essential financial services to individuals and businesses. Unlike traditional banks, NBFCs cater to niche markets and offer specialized financial products, such as loans, asset financing, leasing, and investments.
An NBFC (Non-Banking Financial Company) is a financial institution that provides various services, such as loans, credit, investments, and asset management, without holding a banking license. Unlike traditional banks, NBFCs cannot accept demand deposits, such as savings or current accounts.
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