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Authors Name: Priyanka Raghav , Mehak Mittal
Unique Id: IJSDR2010036
Published In: Volume 5 Issue 10, October-2020
Abstract: Non-Banking Financial Companies comprise a significant part of the financial area. They pioneer in their money arrangement, openness to the business sectors and others to tally. NBFCs are involved in high risk taking opportunities than the banks. NBFCs form an integral part of financial system despite being an institution of attracting the customers. Many specialized services have been championed by these institutions. Services like factoring, financing road transport, venture capital financing. NBFC’s have seen major degree of consolidation, ending up into large companies with diversified institutions. NBFCs have played a major important role in enhancing the growth of the Indian economy. They have traditionally taken the place of banks. They have solved the needs of those borrowers who were not considered appropriate by the banks due to various failing reasons. A customer belonging to low-class and middle-class income family was not able to pass the credit worthiness test of the banks. Those customers can now enjoy the financial services provided by the NBFCs. Also banks only helps the individuals in rural and urban areas for accepting deposits. However, NBFCs have fulfilled these loopholes by coming into picture. Credit service provided by NBFCs are much faster than that of banks. In short NBFCs have reached those corners of the countries which banks were not able to approach. The project covers the meaning of NBFCs and their functions. Further it talks about the challenges, regulatory and supervisory framework of the NBFCs. Moreover, it specifies the case study of about IL&FS liquidity crisis along with a various measure’s taken by the Infrastructure leasing and financial services ltd. (IL&FS) group to overcome the situation and setting up an example for other institutions as well that we should “Never let a good crisis go to waste”. Further, project includes how Non-banking financial institutions differs from Banks.
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Cite Article: "NBFCs - HISTORY, CHALLENGES, DIFFERENCES AND CASE STUDY ", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 10, page no.269 - 272, October-2020, Available :http://www.ijsdr.org/papers/IJSDR2010036.pdf
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Publication Details: Published Paper ID: IJSDR2010036
Registration ID:192630
Published In: Volume 5 Issue 10, October-2020
DOI (Digital Object Identifier):
Page No: 269 - 272
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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