Non-bank financial companies (NBFCs)

Non-bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank,

•  i.e. one that does not hold a banking license.
• These institutions are not allowed to take deposits from the public.
•  Nonetheless, all operations of these institutions are still exercised under bank regulation
• services include
  NBFCs offer most sorts of banking services,However they are typically not allowed to take deposits from the general public and have to find other means of funding their operations such as issuing debt instruments.
•  such as loans and credit facilities,
• private education funding,
• retirement planning,
•  trading in money markets,
• underwriting stocks and shares, TFCs and other obligations.
• These institutions also provide wealth management such as managing portfolios of stocks and shares, discounting services e.g. discounting of instruments and advice on merger and acquisition activities.
• The number of non-banking financial companies has expanded greatly in the last several years as venture capital companies, retail and industrial companies have entered the lending business. Non-bank institutions also frequently support investments in property and prepare feasibility, market or industry studies for companies.