Banking
What is NBFC (Non-Banking Financial Company)? — Meaning, Definition & Example
Definition
NBFCs are financial institutions that provide banking services like loans, credit facilities, and investments but don't hold a banking license. They cannot accept demand deposits. Regulated by RBI. Examples: Bajaj Finance, HDFC Ltd (now merged), Muthoot Finance, Mahindra Finance.
💡 Real Example
Bajaj Finance offers personal loans at 12-16% while banks charge 10-14% — NBFCs are quicker in processing but often charge higher rates.
🇮🇳 NBFC (Non-Banking Financial Company) in Hindi / हिंदी में
NBFC (गैर-बैंकिंग वित्तीय कंपनी) — NBFC वित्तीय संस्थान हैं जो लोन, क्रेडिट सुविधाएं प्रदान करती हैं लेकिन बैंकिंग लाइसेंस नहीं रखतीं। RBI द्वारा नियंत्रित।
NBFC (Hinglish) — NBFC financial institutions hain jo loans, credit facilities deti hain lekin bank nahi hain. Demand deposits accept nahi kar sakti. RBI regulate karta hai.
❓ Frequently Asked Questions
What is NBFC (Non-Banking Financial Company) in simple words?
NBFCs are financial institutions that provide banking services like loans, credit facilities, and investments but don't hold a banking license. They cannot accept demand deposits. Regulated by RBI. Examples: Bajaj Finance, HDFC Ltd (now merged), Muthoot Finance, Mahindra Finance.
Can you give an example of NBFC (Non-Banking Financial Company)?
Bajaj Finance offers personal loans at 12-16% while banks charge 10-14% — NBFCs are quicker in processing but often charge higher rates.
What is NBFC (Non-Banking Financial Company) meaning in Hindi?
In Hindi, NBFC (Non-Banking Financial Company) is called NBFC (गैर-बैंकिंग वित्तीय कंपनी). NBFC वित्तीय संस्थान हैं जो लोन, क्रेडिट सुविधाएं प्रदान करती हैं लेकिन बैंकिंग लाइसेंस नहीं रखतीं। RBI द्वारा नियंत्रित।