characteristics of non banking finance compnies
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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
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HI!!!
It only takes fixed deposit or time deposits.
Growth.
Stability.
Risk-pooling institutions.
Contractual savings institutions.
Market makers.
Specialized sectorial financiers.
Financial service providers.
Classification.
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