NBFC

NBFC or a Non-Banking Financial Company is a company engaged in the business of loans and advances. It can acquire shares, stocks, bonds, debentures, and/or securities issued by Government or local authority. Unlike banks, an NBFC is registered under the Companies Act (1956). The working and operations of an NBFC is regulated by The Reserve Bank of India within the framework of the Reserve Bank of India ACT (1935).