Glossary
/NBFC Full Form
What is the Full Form of NBFC?
The full form of NBFC is Non-Banking Financial Company.
They do exactly what your regular bank does: give out personal loans, offer credit cards, and finance your home. But there is a catch. They cannot accept demand deposits like a standard savings account. RBI strictly regulates them anyway, though the rules are a bit different. Think of companies like Bajaj Finance or Muthoot. They’ve become massive because they approve loans much faster than traditional banks.
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