In India Non-Banking Financial Companies NBFC are providing financial services and banking facilities like home loan, personal loans and vehicle lone etc to costumer without any Govt. Bank involvement at your own risk . But they also cover under the Banking rule and regulations by the Reserve Bank of India RBI and provide all the banking services like loans, credit, retirement plane, health insurance, life insurance etc. But they are restricted from take any form of deposits from the general public.
These NBFCs Non-Banking Financial Companies also provide a vast range of financial advices like reserves and advances. Hence it has become a very important role of any country economic growth. NBFCs count for 12.5% raise in Overall Domestic Product of our country(India). Most people prefer to trust NBFCs over banks as they find them more safe then another because they provide efficient and quick in assisting services with financial requirements.
Here is list of Top 10 Non-Banking Financial Companies NBFC Companies in India