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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

• NBFC stands for Non-Banking Financial Company.
• These institutions provide financial services like loans and investments but do not have a banking license.
Information Booster:
• NBFCs are regulated by the Reserve Bank of India (RBI).
• They cannot accept demand deposits like banks.
Additional Knowledge:
• Nominal / National / Net Banking (Options A, B, D) – incorrect expansions
• NBFCs play a major role in financial inclusion

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