https://www.corpzo.com/nbfc-registration Understanding NBFC | NON-BANKING FINANCIAL COMPANY
Before diving into the NBFC registration process, it's essential to understand what an NBFC is and its significance in the financial ecosystem. Non-Banking Financial Companies (NBFCs) are financial institutions that provide services similar to traditional banks but do not hold a banking license. Despite not having a banking license, NBFCs play a crucial role in India's financial system by offering various financial services such as loans, advances, investments, and credit facilities.