Nbfc Essay

INDUSTRY PROFILE
Non-banking financial companies (NBFCs) are the financial institutions that provide banking services without meeting the legal definition of a bank, which means that such companies do not hold a banking license. NBFC’s differ from banks in several ways. Such institutions are restricted from taking deposits from the public depending on the jurisdiction. These institutions to a certain extent follow the banking regulations in their operations. It is not a part of the payment and settlement system that’s why it cannot issue cheque to its customers.

ANALYSIS OF THE SECTOR
With simplified sanction procedures, flexibility, low operating cost and focused product presence, NBFCs have an edge over banks in meeting the credit needs of customers. The country’s largest development financial institutions (DFI) like ICICI and IDBI have been converted into banking entities. With this the term DFI lost its relevance in the country. They have been replaced today by Non Banking Financial Companies in playing a vital role in long term financing and project financing which have relative specializations.
NBFCs have typically grown in the southern part of the country and most of them have started their journey as

Over the decades, they have achieved significant success in reaching this objective, and have created a tremendous sense of loyalty amongst their customers. Operational efficiency, integrity and a strong focus on catering to the needs of the common man by offering him high quality and cost-effective products & services are the values driving the Company. These core values are deep-rooted within the organization and have been strongly adhered to over the decades. The company is proud about their perfect understanding of the customer. Each product or service is tailor-made to perfectly suit customer