NBFC new regulations by RBI – Key points

Non-Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2003 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal…