Question
Which one of the following is an example for Non-Banking
Financial institution?Solution
A Non-banking financial organization (NBFI) is a financial organization that doesn't have a full banking license or isn't supervised by a national or international banking administrative body. A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 Some of the NBFI in India are LIC, Power Finance Corporation Limited, Muthoot Finance Ltd, Tata Capital Financial Services Ltd, etc.
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