Home EDUCATION Full Form Of NBFC And Meaning

Full Form Of NBFC And Meaning

by Anita Fating
Full Form Of NBFC

Why do you want to know the full form of NBFC, have you read or listened to it anywhere? Relax! I am not asking the answer, but today in my article I will give you an NBFC full form and its meaning. Most people get confused in NBFC full form because it varies according to the fields, sectors, languages, and users also. Below we are going to learn and understand the NBFCs meaning and definition and what is the full form of NBFC?. 

Full Form Of NBFC

The fullform of NBFC is Non-Banking Financial Company

N – Non

B – Banking

F – Financial

C – Company

Full Form Of NBFC

The NBFC is a Companies Act, 1956 registered company that engaged in the business of

  •  loans and advances 
  • acquisitions of shares
  • bonds or securities 
  • Debentures

That issued by the local authority or Government or others securities.

Full Form Of NBFC In Financial Sector

The NBCF full form in the financial sector is Non-Banking Financial Company

N – Non

B – Banking

F – Financial

C – Company

Full Form Of NBFC In Financial Sector

In the finance sector, the NBFC meaning is Non-Banking Financial Company is a company registered under the Companies Act, 1956 engaged in the business of loans and advances.   

Full Form Of NBFC In Electrical Engineering

The full form of NBFC in electrical engineering is Non-Banking Financial Company

N – Non

B – Banking

F – Financial

C – Company

Full Form Of NBFC In Electrical Engineering

In electrical engineering, the NBFC meaning is the Non-Banking Financial Company in which the electrical engineering candidate is hired. They conduct the exam followed by an interview. 

Full Form Of NBFC In Banking

The NBFC full form in banking is  Non-Banking Financial Company

N – Non

B – Banking

F – Financial

C – Company

Full Form Of NBFC In Banking

In banking, NBFC is a company registered under the Companies Act, 1956 which include the business of loans and advances, acquisitions of shares or bonds or securities, or debentures, issued by the local authority or by Government or other securities, but does not include any institution whose primary business is that of agriculture activity, industrial activity. 

NBFC Examples

Some top-level NBFCs are,  

  • Bajaj Finance Limited
  • Mahindra and Mahindra Finance Service Limited
  • Muthoot Finance
  • HDB Finance Services
  • L and T Finance Limited
  • Tata Capital FinancialServices Limited
  • Cholamandalam
  • Aditya Birla Finance Limited

NBFC Definition

The NBFC is defined as the registered company under the Companies Act, 1956, and that includes the business of loans and advances.   

NBFC Stands For

In the finance sector, the NBFC stands for Non-Banking Financial Company

N – Non

B – Banking

F – Financial

C – Company

Read Also: CAG Full Form And Meaning

FAQ

How Is NBFC Different From The Bank?

An NBFC is a company that provides services similar to banking services to customers without holding a bank license while a bank is a government entitled financial intermediary which aims to provide banking services to customers. 

Which Are NBFC Companies?

Some NBFC companies are, 

  • Bajaj Finance Limited
  • Mahindra and Mahindra Finance Service Limited
  • Muthoot Finance
  • HBD Finance Services
  • L and T Finance Limited
  • Tata Capital FinancialServices Limited
  • Cholamandalam
  • Aditya Birla Finance Limited

Is Paytm An NBFC?

No, Paytm is not NBFC but it is a technology and distribution partner of NBFC which helps them to expand the reach and adoption of loan services to salaried persons, small business owners, and professionals. 

Which NBFC Is Best?

The best NBFC are, 

  • Bajaj Finance Limited
  • Mahindra and Mahindra Finance Service Limited
  • Muthoot Finance Limited
  • Tata Capital FinancialServices Limited 
  • Aditya Birla Finance Limited
  • L and T Finance Limited
  • Cholamandalam

Read Also: NCERT Full Form And Meaning

Conclusion

In my article, you surely get the NBFC full forms, meaning, and definition and you also become familiar with some top-level NBFC in 2020. The NBFC provides a loan to needy customers, in the future if you will suffer from financial crises then you can take a loan from these NBFCs. After taking a look at this article your knowledge level about NBFC has increased and you will never forget the full form of NBFC in the future. 

 

Hope we have covered all your queries regarding :

What is the Full Form of NBFC?

Full Form of NBFC

NBFC Fullform

Fullform of NBFC

NBFC stands for

What does NBFC stand for

What is the NBFC abbreviation of

What does NBFC mean

NBFC is a short form of

Long Form of NBFC

What is the short form of Non-Banking Financial Company?

What is the long-form of NBFC?

What is an abbreviation of Non-Banking Financial Company?

NBFC is an Acronym of

NBFC is shortened Form of

What is NBFC full form?

NBFC Full Form

Related Articles

Leave a Comment