

An NBFC is a financial institution that provides banking-like services such as lending and investments but does not hold a full banking licence or accept demand deposits.

NBFCs are regulated and focus on credit, leasing, or asset financing. They play a significant role in extending credit beyond traditional banks.
NBFCs improve credit access and support economic growth, especially for underserved segments.
NBFCs are integral to India’s financial ecosystem and operate under regulatory oversight.