NBFC Software
known as Non-banking financial company (NBFC) is a company which is registered under the Companies Act, 1956 of India and NBFCs, They don’t hold a banking license These companies are not allowed to take deposits from the public, all operations of these institutions are still covered under banking regulations Means it does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. NBFC engaged with lots of banking services such as loans and credit facilities, money markets, retirement planning, shares, merger activities, stock, underwriting. NBFC registered under the Companies Act, 1956 of India, Registered under RBI Act, 1934 Under Section 45-IA, and avail us banking services without meeting legal definition of bank such as holding a banking license.
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