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What Exactly Is An Nbfc?
Submitted as: CorpZo
An NBFC is a company — not a bank — that's in the business of lending, investing, or otherwise dealing in financial assets. It can give loans, deal in shares, do leasing, hire-purchase, or accept deposits (under specific conditions), but it can't do a few things banks can do, like issuing cheque books or accepting demand deposits from the public.(read
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Category : Legal
