Correct option is C
• Non-Banking Financial Company (NBFC) is a financial institution that provides banking-like services without a banking license.
• They are regulated by the Reserve Bank of India.
Information Booster:
• NBFCs can:
Give loans
Invest in shares
Provide financial services
• NBFCs cannot:
Accept demand deposits (like savings accounts)
Issue cheques
Additional Knowledge:
• Examples: Bajaj Finance, Muthoot Finance