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Non-banking Financial Companies (NBFCs) play a pivotal role in the banking sector of the country. As on 2024, there are more than 9500 NBFCs registered with RBI. Each NBFC is mandatorily required to be registered with RBI. This article specifies various types of NBFCs that can operate in India.
There are various types of NBFCs depending on their scale of operations and nature of activity undertaken by them.
There are 4 layers of NBFCs based on their size, activity and perceived riskiness:
Categorisation of NBFCs carrying out specific activity
Multiple NBFCs in a Group – Classification in Middle Layer
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