https://www.123articleonline.com/rss/author/468548/corpzo-indiaArticles written by corpzo India from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1545617/what-exactly-is-an-nbfc 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.