Question

Explain the types of Non-Banking Financial Institutions in India.

Answer 1

Answer:

Types of Non-Banking Financial Companies (NFBC)

Asset Finance Company(AFC)

Investment Company (IC)

Loan Companies (LC)

Infrastructure Finance Company (IFC)

Systemically Important Core Investment Company (CIC-ND-SI)

Infrastructure Debt Fund (IDF-NBFC)

Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI)