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What is the full form of 'NBFC’, a type of financial Institution?
Question



What is the full form of 'NBFC’, a type of financial Institution?


A.

Nominal Banking Financial Company


B.

 National Banking Financial Company

 

C.

Non-Banking Financial Company 


D.

 Net Banking Financial Company

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

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