Requirements for NBFC
In order to get the requirements of the Section 45 IA of the RBI Act 1934 that a corporation integrated under the companies Act of 1956 and ready to launch a non-banking organization business is required the following conditions:
- It must report on the basis of Section 3 of the Companies Act of 1956.
- It should have net fund of at least Rs 2 crores. the requirements for a minimum net-owned fund for particular NBFCs can vary.
NBFC Full Form – Non-Banking Financial Company
NBFC full form: In the realm of financial services, banks have traditionally been the go-to institutions for managing money, providing loans, and safeguarding deposits. However, alongside these traditional banking institutions, Non-Banking Financial Companies (NBFCs) have emerged as formidable players, offering a diverse range of financial services and playing a crucial role in shaping the financial landscape of India.
In this article, we will learn about the full form of NBFC, its history, services, requirements, examples, and drawbacks.
Table of Content
- What is the Full Form of NBFC?
- History of NBFCs
- Services of NBFC
- Requirements for NBFC
- Examples of NBFCs in India
- Drawbacks of NBFC