A Non-Banking Financial Company (NBFC) is a financial institution registered under the Companies Act in India that provides financial services similar to banks but does not hold a banking license. It is regulated by the Reserve Bank of India (RBI) and primarily serves sectors underserved by traditional banks. Functions of NBFCs: Loans and Advances: Provides personal, business, ... https://www.compliancecalendar.in/nbfc-company-registration