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Write the full form of NBFC?

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Write the full form of NBFC?

Posted by Yaser Siddiquee 7 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 7 years, 1 month ago

NBFC: Non Banking Financial Corporations.

A Non – Banking Financial Corporation is a company incorporated under the Companies Act 2013 or 1956 which is engaged in the business of Loans and Advances, Acquisition of stocks, equities, debt etc issued by the government or any local authority. The main objective of this type of a company is to accept deposits under any scheme or manner.

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