Non banking financial intermediaries Free Essays

Non Bank Financial Intermediaries are privately owned, decentralized and relatively small-sized financial intermediaries. Some are primarily engaged in fund-based activities and others provide financial services of diverse kinds. The former are know as Non Banking Financial NBFCs had undergone radical transformation. We will write a custom essay sample on Non banking financial intermediaries or any similar topic only for you Order Now The post 1995 overview is depicted with whatever nformation is available. NATURE There are thousands of NBFCs and only a small proportion of them report to the RBI. The RBI (Amendment) Act, 1997 defines NBFC as an â€Å"institution or company whose principal business is to accept deposits under any scheme or arrangement or in any other manner, and to lend in any manner. † As a result, a number of loan and investment companies registered under the Companies act by business houses for the purpose of investment in group companies How to cite Non banking financial intermediaries, Papers