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NON-BANKING FINANCIAL COMPANIES

Non-Banking Financial Companies (NBFCs): NBFCs provide various financial services similar to banks but do not hold a banking license. They may offer services such as lending, asset management, and wealth management.

It's worth noting that there are other types of NBFCs as well, such as Microfinance Institutions (MFIs), Systemically Important Core Investment Companies (CICs), and Non-Operative Financial Holding Companies (NOFHCs). Each type of NBFC has its own set of regulations and guidelines governing their operations, as per the rules of the country's financial regulatory authority.

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NON-BANKING FINANCIAL COMPANIES

Non-Banking Financial Companies (NBFCs) are financial institutions that provide various financial services and products to individuals and businesses, but they do not hold a full banking license. Unlike traditional banks, NBFCs cannot accept demand deposits from the public but can offer a wide range of services such as loans, credit facilities, investments, and wealth management.

NON-BANKING FINANCIAL COMPANIES TYPES

In summary, NBFCs are essential players in the financial landscape, providing a range of financial services and credit options to support economic growth, financial inclusion, and investment opportunities. While they share similarities with banks, they operate within specific regulatory frameworks that dictate their scope and operations.

NON-BANKING FINANCIAL COMPANIES - CHARACTERISTICS

NBFCs differ from banks and other financial institutions due to their distinct characteristics. These include specific regulations, varied business models, and unique financial landscapes in different countries. Six main characteristics of NBFCs are as follows:

NON-BANKING FINANCIAL COMPANIES - REGULATORY COMPLIANCE

NBFCs are regulated by financial authorities to ensure financial stability, protect stakeholders' interests, and maintain fair practices. Compliance with rules and guidelines is crucial for their operational licenses and responsible business conduct. Key areas of regulatory compliance include capital adequacy, prudential norms, fair practices, and protecting depositors and investors. Non-compliance may result in penalties, fines, or license revocation.

TRAINING ON NON-BANKING FINANCIAL COMPANIES

This comprehensive training program covers various aspects of NBFC operations, regulations, market segments, risk management, financial products, technology, financial inclusion, and business strategy, equipping participants with a holistic understanding of the NBFC sector.

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