Authors: Prof. V. Roopashri, Prof. Niranchana shri, Dr. K.C. Shivshankar and Prof. S. Shwetha

ISBN: 978-81-975393-6-7

DOI: https://doi.org/10.59646/nbfc/214

Date of Publication: June 24, 2024

About the Book:

NBFCs, or non-banking financial firms, are a diverse group of privately held, smaller financial intermediaries that provide a range of products and services, such as equipment leasing, hire purchase, loans, investments, and chit fund operations. When it comes to local small borrowers, these businesses are crucial in supplying the necessary resources. Hire purchase financing accounts for the vast majority of NBFCs’ business. In India, non-bank financial companies (NBFCs) have been under scrutiny since the decade began. Apart from the monopoly that commercial banks have on issuing checks, the boundaries between NBFCs and banks have been gradually blurring due to the former’s meteoric rise. In India, non-bank financial companies (NBFCs) are many and their administration is as varying as the country’s top politicians. When deciding where to put their money, depositors have different levels of confidence in the security of their funds. This book provides a detailed description of how NBFCs work in India, as well as the changes that have been made to them recently.