Non banking financial company (NBFC) | Class 1 | CMA Final | by CA/CMA Santosh Kumar
Channel: Santosh Kumar - COC Education
Date: 17/10/2019

Non banking financial company (NBFC) | Class 1 | CMA Final | by CA/CMA Santosh Kumar

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Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs) are entities that provide certain bank-like and financial services but do not hold a banking license. NBFCs are not subject to the banking regulations and oversight by federal and state authorities adhered to by traditional banks.

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