What is a non banking financial company?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance …
What are non banking financial companies examples?
The Top 10 NBFCs in India, 2021
- Power Finance Corporation Limited.
- Shriram Transport Finance Company Limited.
- Bajaj Finance Limited.
- Mahindra & Mahindra Financial Services Limited.
- Muthoot Finance Ltd.
- HDB Finance Services.
- Cholamandalam.
- Tata Capital Financial Services Ltd.
Is Paytm NBFC?
Paytm is fintech and its subsidiary Paytm Entertainment could be classified as a Non Banking Financial Company (NBFC). It offers financial services such as current account, savings account, debit card.
Is cred a NBFC?
“Cred (Dreamplug Technologies Pvt. Ltd.) has not applied to acquire an NBFC. Newtap Technologies Pvt. Ltd, in which Kunal Shah has invested in a personal capacity, has applied to the RBI for approval to acquire a stake in Parfait Finance & Investments Pvt.
Is Mobikwik NBFC?
In November 2016, the company reported having 1.5 million merchants using its service and a user base of 55 million customers….MobiKwik.
| Type | Private |
|---|---|
| Industry | Financial technology |
| Founded | April 2009 |
| Founders | Bipin Preet Singh Upasana Taku |
| Headquarters | Gurgaon, Haryana, India |
Is LIC an NBFC?
The NBFC also provides financing on existing property for business and personal needs and gives loans to professionals for purchase or construction of Clinics, Nursing Homes, Diagnostic Centres, Office Space and also for purchase of equipments….LIC Housing Finance.
| Type | Public |
|---|---|
| Website | lichousing.com |