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
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.
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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
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.
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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
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
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
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
Which Is The Largest NBFC In India?
Shriram Finance will be India’s largest retail-focused non-banking financial company, said the Shriram Group on Monday. Shriram Finance will be a diversified player with a net worth of Rs 40,900 crore, assets under management (AUM) of Rs 1,71,000 crore and more than 6.7 million customers.
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.
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