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Shubham(18MBF5026)
Deepankar(18MBF5033)
Shweta(18MBF5036)
INTRODUCTION OF NBFCs
NBFCs provide banking facilities and financial services but their functioning and
purpose are very different from the legal interpretation of a Bank. NBFCs are covered
under Banking regulations which are set by Reserve Bank of India.
Theyprovide banking services such as credit facilities, retirement planning, loans, TFCs,
stocking and investing in the market. However, they cannot take any kind of deposits
from the public.
FIVE NBFCs
Power Finance
Corporation
Ltd.
Muthoot
Finance Ltd.
Mahindra &
Mahindra
Shriram Transport Financial Services
Finance Co. Ltd. LL
Bajaj Finance
Ltd.
1.Power Finance Corporation Limited