Non-Banking Financial Company - NBFC

Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these institutions are still covered under banking regulations.

NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activites. The number of non-banking financial companies has expanded greatly in the last several years as venture capital companies, retail and industrial companies have entered the lending business.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Non-bank financial institution — A non bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank related financial services, such as… …   Wikipedia

  • Consolidated non-banking participations —   All non banking companies which a bank group controls i.e. ownership, directly, or indirectly of more than one half of the voting power of a company, or a substantial interest in the voting power to direct, by statute or agreement, the… …   International financial encyclopaedia

  • Banking license — Under most jurisdictions, a banking license is a prerequisite for a financial institution that wants to provide banking services, such as taking deposits from the general public. A non banking financial company is an institution that provides… …   Wikipedia

  • Banking institution — A banking institution provides banking services.They include: * Banks * Credit unions * Savings and loan association * Building societies * Non banking financial company * Some insurance companies See also: financial institution …   Wikipedia

  • Banking in Cuba — This article discusses banking in Cuba and gives an overview of the recent past. For details on the Cuban economy in general, see Economy of Cuba .History Following the Cuban Revolution of the 1950s, the Cuban banking sector came under the… …   Wikipedia

  • Company Law Board — The Company Law Board is an independent quasi judicial body in India which has powers to overlook the behaviour of companies within the Company Law. It was constituted in its present form on May 31, 1991.Under Section 10E of the Companies Act,… …   Wikipedia

  • Financial Services Modernization Act of 1999 — Gramm Leach Bliley Act (GLBA) USA Also known as the Financial Services Modernization Act of 1999. The GLBA repealed provisions of the Banking Act of 1933 (Glass Steagall Act) which prohibited one institution from acting as an investment bank,… …   Law dictionary

  • financial holding company — USA Financial holding companies are entities created by the Financial Services Modernization Act of 1999 (Also known as the Gramm Leach Bliley Act (the Act)) that may engage in a broader range of financial activities than previously allowed. Such …   Law dictionary

  • Financial Stability Oversight Council — (FSOC) USA Created on July 21, 2010 under Title I (the Financial Stability Act of 2010) of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank Act), the Financial Stability Oversight Council ( …   Law dictionary

  • Financial ratio — Corporate finance …   Wikipedia

  • Financial services — refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.