{"id":5089,"date":"2022-12-02T17:30:03","date_gmt":"2022-12-02T17:30:03","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=5089"},"modified":"2026-04-07T09:09:05","modified_gmt":"2026-04-07T09:09:05","slug":"what-is-nbfc-and-what-does-it-signify","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/","title":{"rendered":"What is NBFC and What Does it Signify?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The demand for credit is increasingly growing in India and meeting the needs of everyone as it is out of the league for the traditional banks to handle alone. The better alternative to the banks has been the NBFCs, as the banks are not in a position to meet the demand, all the time. They are known for offering quick and tailored solutions to fulfill the financial needs of individuals in different segments. Ever questioned what NBFCs are actually into?\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#What_is_NBFC\" >What is NBFC?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#Financial_Planning_its_3_phases\" >Financial Planning &amp; its 3 phases!<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#How_did_they_come_into_play\" >How did they come into play?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#The_role_of_NBFC\" >The role of NBFC<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#Questions_to_be_asked_before_investing\" >Questions to be asked before investing\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#Difference_between_NBFC_and_Bank\" >Difference between NBFC and Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#Banks\" >Banks\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#NBFC\" >NBFC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#Lasting_Thoughts\" >Lasting Thoughts\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/financial-matters\/what-is-nbfc-and-what-does-it-signify\/#10_Mistakes_to_avoid_when_buying_bonds\" >10 Mistakes to avoid when buying bonds<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_NBFC\"><\/span><strong>What is NBFC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To expand the abbreviation, <a href=\"https:\/\/en.wikipedia.org\/wiki\/NBFC_and_MFI_in_India\" target=\"_blank\" rel=\"noopener noreferrer\">NBFC<\/a> is a Non-Banking Financial Company evolving in the mid-1980s. They are mainly registered under 1956, Companies Act under the regulation of the <a href=\"https:\/\/www.rbi.org.in\/\">Reserve Bank of India<\/a>. As it is regulated by the Central Bank of India, but the question is, are they banks?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The activities involved are of Banks such as lending money, offering loans, providing services of investment products, handling <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/diversifying-investment-portfolio-managing-risk\/?utm_source=blog&amp;utm_medium=blog&amp;utm_Warren_Buffet\">stock portfolios<\/a>, acquisition of <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">bonds and denbentures<\/a> issued by marketable securities, housing finance, and much more, but they are not banks, instead, financial institutes, diversified into categories like Investment, Asset, and Loan type of a company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To your surprise, Kotak Mahindra Finance was an NBFC and there are many others to mention!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To summarize in short, they are a crucial part of the financial system, especially during times of financial distress giving service equivalent to banks but at competitive prices but without a banking license but are restrained from financing agricultural, industrial, construction, purchase, and sale activities.<\/span><\/p>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Financial_Planning_its_3_phases\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/financial-planning-its-3-phases\/?utm_source=blog&amp;utm_medium=blog&amp;utm_NBFC\">Financial Planning &amp; its 3 phases!<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"How_did_they_come_into_play\"><\/span><strong>How did they come into play?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The driving force behind their origin didn\u2019t come with an agenda of making profits but rather came with the sole reason of making the services pertaining to finance accessible to everyone out there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NBFC came into the financial system way back in the 1960s starting with a small scale to meet the financing needs of all individuals and initiated their operations by inviting investors to <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/why-is-investing-in-fixed-income-important\/\" target=\"_blank\" rel=\"noopener noreferrer\">invest in fixed deposits<\/a> and breaking into offering industrial firms with leasing deals. It lacked in making an impact on the financial market back then.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its evolution began during the financial crisis in 2009 which had a massive hit on the business in the entire world as they were not receiving the financial aid from the banks that were meant to provide it. The best alternative to this was to wisely use the savings of the economy for capital investment. Due to the gap in the availability of credit in India, financial institutions had to come into play and that\u2019s when the <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/how-can-one-diversify-their-portfolio-with-nbfc-bonds\/\">NBFC<\/a> finally made their impact.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ever since the NBFC began to grow from 7000 to 30,000 from 1981 to 1992. By 1997 its operations evolved by introducing a variety of products and in the last 20 years, it is evident in its remark in adding depth to the financial segment. And to this date, it has broadened the industry of finance and is availing financial services to all those who weren\u2019t able to access it by inspiring the investors to believe in them to make them courageous enough to help the borrowers by lending.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Their deep interest in research keeps them ongoing to grow continually thereby.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_role_of_NBFC\"><\/span><strong>The role of NBFC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NBFC indulges in the major creation of wealth among all with a strong agenda to make financial aid available to even those who are less fortunate to access. It can deliver by owning a top-notch digital tech platform to process loans faster and to offer specialized credits and other financial products &amp; services to a vast audience. NBFC indeed is helping in market expansion, economic development, increasing employment, and the growth of sectors like SMEs, infrastructure, education, etc., similar to the services of a bank but not operated like a bank.<\/span><\/p>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Questions_to_be_asked_before_investing\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/questions-to-be-asked-before-investing\/?utm_source=blog&amp;utm_medium=blog&amp;utm_NBFC\">Questions to be asked before investing\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"Difference_between_NBFC_and_Bank\"><\/span><strong>Difference between NBFC and Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td>\n<h2><span class=\"ez-toc-section\" id=\"Banks\"><\/span><b>Banks\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/td>\n<td>\n<h2><span class=\"ez-toc-section\" id=\"NBFC\"><\/span><b>NBFC<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">The bank is a government-entitled company offering financial services to the customers<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFC offers services similar to the banks but is not bank licensed<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">The bank is registered under the banking regulation act\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFC is registered under the company act\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bank takes care of payment and settlement\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFC doesn\u2019t involve in payment and settlement\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Banks can issue self demand draft by itself\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFC can\u2019t issue self demand draft by itself\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Self cheque can be drawn by their own\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Self cheque can\u2019t be drawn by their own\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Banks can make credits using multiple other financial activities<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFC can\u2019t make credits using multiple other financial activities<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Banks are into giving transactional services\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFCs don\u2019t offer any transactional services\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Banks allow the deposit of money and they as well lend it\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NBFCs don\u2019t allow deposit and neither lends it<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Foreign investments are only allowed up to the certain limit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Foreign investments are allowed up to 100 %<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lasting_Thoughts\"><\/span><strong>Lasting Thoughts\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The market size of the NBFC in India has rapidly increased from 22.68% to 44.92% from 2018 to 2020 and in the fiscal year 2021 &#8211; 2022, a growth of 15% more is anticipated. So nearly 10,000 NBFCs are registered with the Reserve Bank of India and the government wants the NBFC sector to expand more full-fledging. In fact, the revenue made by NBFC is more than the Banks. Their positive impact on the economy in regards to wealth management, infrastructure development, employment, and an agenda to make credit accessible to even the unorganized sector is remarkably projecting them toward growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Should you consider investing in NBFC? When you plan to do so, ensuring they are registered and have a credit rating of <a href=\"https:\/\/goldenpi.com\/collections\/highly-rated-bonds\">AAA<\/a> or at least A, is something that must be seen to make a safer investment. And as well take into consideration the upgrade and downgrade throughout its lifetime in the future aspect for that matter.\u00a0<\/span><\/p>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"10_Mistakes_to_avoid_when_buying_bonds\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/10-mistakes-to-avoid-when-buying-bonds\/?utm_source=blog&amp;utm_medium=blog&amp;utm_NBFC\"><strong>10 Mistakes to avoid when buying bonds<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The demand for credit is increasingly growing in India and meeting the needs of everyone as it is out of the league&hellip;<\/p>\n","protected":false},"author":4,"featured_media":5090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[151],"tags":[128,129],"class_list":["post-5089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-matters","tag-nbfc","tag-role-of-nbfc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is NBFC and What Does it Signify? - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"NBFCs are known for offering quick solutions to fulfill the financial needs of individuals in different segments. 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