A Non-banking Financial Corporation, or NBFC, is a legally registered company that provides various financial services such as loans, stock trading, and share acquisition. Unlike traditional banks, NBFCs do not hold a banking license and operate outside the regular banking system. They play a vital role in the financial landscape, providing alternative sources of credit and investment for individuals and businesses. As a knowledgeable professor of finance, I invite you to explore the world of NBFCs and understand their role in the economy.
