India’s Financial Sector.. (Part II)

NBFI comprises of All India financial institutions (AIFIs), Non-banking finance companies (NBFCs) and primary dealers (PDs). AIFI, currently only four in operations, largely provide long term sector specific financing. NBFCs specialize in meeting the financing needs of niche areas such as hire/purchase, commercial vehicles etc. NBFCs are categorized into two types – deposit-taking NBFCs (NBFCs-D), which are allowed … Continue reading India’s Financial Sector.. (Part II)
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NBFCs – An Overview.. (Part I)

RBI issued master guidelines on functioning of NBFCs (Non Banking Finance Companies) last week. While the guidelines are voluminous and beyond the scope of this piece, it does bring light to a sector which is not very big but plays an important economic role, yet, somewhat shrouded in mystery due to inadequate understanding of their … Continue reading NBFCs – An Overview.. (Part I)
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