Economy, asked by sknazeer2606, 5 months ago

Explain the role of NBFCs in capital market.

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Answered by Anonymous

7

NBFCs are financial intermediaries engaged in the business of accepting deposits delivering credit and play an important role in channelizing the scarce financial resources to capital formation. ... In India, despite being different from banks, NBFC are bound by the Indian banking industry rules and regulations.

Answered by gurkiratkaur0987

1

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