NBFC Full Form: Non Banking Financial Company, In India, a private or limited company is registered under the Companies Act 2013 of the Companies Act 1956. Similarly, a finance company is also registered under the Companies Act 2013 or Companies Act 1956. Through this company, people have to get benefits by providing them loans. Stock is acquired by the finance company or bonds issued by the government. Apart from this, it also gets profit by investing.
- NBFC Full Form in English: Non Banking Financial Company
- Category: Business » Banking
- NBFC Full Form in Hindi: गैर बैंकिंग वित्तीय कंपनी
- NBFC Full Form in Marathi: नॉन-बँकिंग फायनान्शियल कंपनी
What is NBFC?
The full form of NBFC is Non-Banking Financial Company which in Hindi means Non-Banking Financial Company. These non-banking companies acting like banks are also called ‘shadow banking systems’ around the world. It is a type of company that does the work of financial transactions but it is not actually a bank. NBFC is a type of registered company that provides you the work of non-banking. Nonbanking means that you take money from AC nonbanking company without taking help from the bank. NBFC company is like all banks. It works in a way to collect people’s money. Then it provides different types of loans to them. It is a type of financial institution that works like a bank but it is not like a bank.
NBFCs work under a kind of scheme that collects money from the people and then provides some part of the profits to the people in the form of loans. NBFC company deals in the matter of deposits, insurance, lending, share stock.
What is the full form of NBFC?
The full form of NBFC is Non-Banking Financial Company, it is called Non-Banking Financial Company in Hindi. It is a type of company that does the work of financial transactions but it is not actually a bank.
Reserve Bank of India introduced NBFC rules from 1963
In the 1960s, many people who deposited money in NBFCs lost their money, after which the Reserve Bank of India started monitoring and making rules for NBFCs from 1963. Therefore, NBFC companies now carry out activities like banks, they are now regulated by the Reserve Bank of India. Some functions of NBFCs are also under the Reserve Bank of India because, different arrangements are made for other companies such as IRDA for insurance companies, Merchant Banking Company, Venture Capital Company, Stock Broking Company, and Mutual The Securities and Exchange Board of India (SEBI) for funds, National Housing Bank (NHB) for housing finance companies, Department of Company Affairs (DCA) for Nidhi companies and State Government for chit fund companies.
NBFC Full Form in Football
NBFC Meaning (Sports & Games)
North Beach Football Club (NBFC) is a football club in Australia.
NBFC Full Form in Religion & Spirituality
NBFC Meaning (Society & Culture)
New Beginning Family Church (NBFC) is a Christian church in Peck Road, Monrovia, California, United States.
NBFC Meaning in various Indian Languages
|NBFC meaning in Arabic||شركة مالية غير مصرفية|
|NBFC meaning in Bengali||নন-ব্যাংকিং আর্থিক সংস্থা|
|NBFC meaning in English||Non Banking Financial Company|
|NBFC meaning in Gujarati||નોન બેંકિંગ ફાઇનાન્સિયલ કંપની|
|NBFC meaning in Hindi||गैर बैंकिंग वित्तीय कंपनी|
|NBFC meaning in Kannada||ಬ್ಯಾಂಕೇತರ ಹಣಕಾಸು ಕಂಪನಿ|
|NBFC meaning in Malayalam||നോൺ ബാങ്കിംഗ് ഫിനാൻഷ്യൽ കമ്പനി|
|NBFC meaning in Marathi||नॉन-बँकिंग फायनान्शियल कंपनी|
|NBFC meaning in Nepali||गैर बैंकिंग वित्तीय कम्पनी|
|NBFC meaning in Punjabi||ਗੈਰ-ਬੈਂਕਿੰਗ ਵਿੱਤੀ ਕੰਪਨੀ|
|NBFC meaning in Sindhi||نان بينڪننگ مالي ڪمپني|
|NBFC meaning in Tamil||வங்கி சாராத நிதி நிறுவனம்|
|NBFC meaning in Telugu||నాన్ బ్యాంకింగ్ ఫైనాన్షియల్ కంపెనీ|
|NBFC meaning in Urdu||نان بینکنگ فنانشل کمپنی|
FAQ’S For NBFC Full Form
Ans. Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.
Ans. This triple-A-rated NBFC has good control over its cost of funds. LIC Housing Finance’s cost of funds is around 5.5 percent. … The company recently raised over Rs 1,000 crore at a rate of 5.90 percent, one of the best in the market.
Ans. So, even if the bank you have an FD in goes insolvent, your money would be safe. NBFCs and companies often offer a higher interest rate, when compared to bank fixed deposits, which enables investors to multiply their savings easily.
Ans. 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 …