Profile

Join date: Jun 23, 2022

About

A company registered under the Companies Act of 1956 that engages in the primary business of lending, investing in shares, stocks, bonds, and debentures, leasing, hire-purchase, insurance, chit trading, or receiving deposits under any scheme or arrangement is known as a non-banking financial company (NBFC). The Reserve Bank of India has control over NBFC (RBI).