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Non Banking Financial Companies: by Sudev Jyothisi FN-92 Scms-Cochin
Non Banking Financial Companies: by Sudev Jyothisi FN-92 Scms-Cochin
Non Banking Financial Companies: by Sudev Jyothisi FN-92 Scms-Cochin
companies
By sudev jyothisi
FN-92
SCMS-COCHIN
Introduction
NBFC are heterogeneous in nature in
terms of activity and size are important
financial intermediaries and and integral
part of IFS.
The main advantage is lower
transaction costs, quick decision
making, customer orientation and
prompt provision of services.
Prepared by Pinal Shah 2
Contd…
Able to carve niche in meeting credit
need of wholesale and retail customers.
Their number has gone up from 7,063
in 1981to 51,929 in 1996.
The regulated deposits of NBFCs
amounted to Rs. 20,428.93 cores in
1993