The Non-Banking Financial Company

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 or 1956 carrying on the business listed under Section 45 I (c ) of the RBI Act, 1934. A non-banking company that has the main business of receiving deposits under any scheme or arrangement in 1 lump sum or in installments by means of donations or in any other manner, is also a non-banking financial company.