Top 10 successful NBFC in IndiaPosted by Enterslice India on January 9th, 2019 Non-Banking Financial Companies (NBFC) are a financial institution that provides financial services and banking facilities without coming into the legal definition of a Bank. After NBFC Registration, they are allowed to provide services like credit facilities, loans, TFCs, retirement planning, investing into the money market and also covered into under the regulation laid down by the Reserve Bank of India. However, they are prohibited inviting any form of deposits from the general public. These organizations play a very critical role in the economy as they offer services covering urban to rural areas. Furthermore, NBFCs Registration allows providing a wide range of monetary advice like chit-reserves and advances. Most people are tempted with the limelight of NBFCs over banks as they find them safe, efficient and quick in assisting with financial requirements. Moreover, there are various loan products that are available with it and there are flexibility and transparency in their services. Hence, you must be thinking that how can this possible, maybe you have heard some different story about NBFC Registration. So, just to clear the dusky visions on the successfulness of the NBFC Registration we have compiled Top 10 successful NBFC in India which is as follows-
Power Finance Company is known to provide finance to the power projects in the country. It is listed on Bombay Stock Exchange and National Stock Exchange.
The company focuses on providing funds to commercial and business vehicles. The company also earns specialization in the providing general insurance, common assets, mutual funds, common assets, and general protection.
Many of you definitely heard about Bajaj Finance limited as the company has earned name so far successfully. It offers loans to doctor for career enhancement, gold loans, home loans, business loan and even to the young entrepreneur. They also provide services like lending money, general insurance and wealth advisory.
MMFSL is one of the esteemed companies that offer two affiliates services of Insurance Services and Rural Housing Finance service. It also specialized in offering gold advances, corporate advances, and vehicles advances, working capital advances, and home credits and many more.
The first NBFC in India that gets its shape back in 1888 has first become a small lender in some village in Kerala. It sanctions loans against the pledged gold ornaments. Apart from gold loans, they also offer foreign exchange services, money transfers, wealth management services, and travel and tour services.
ABFL is registered with RBI as a systematically important non- deposit accepting NBFC. It ranks among the top five largest private NBFCs in India.
The L & T Finance Ltd is established in 1994 and has become a very strong player in the non- banking financial sector. It offers to fund different sectors like industry, trade, commercial vehicle loan, Individual Vehicle Loan and corporate and rural loans.
It is a subsidiary of Tata Sons Limited that caters to the diverse need of the retail corporate and institutional customers across India. It is registered with RBI as the ‘Systematically Important Non- Deposit Accepting Non- Banking Financial Company.
Maybe you did not hear about a lot about this NBFC but it was incorporated in 1978 as the financial services. It is an arm of Murugappa group. It provided services like vehicle finance, home loans and home equity loans, SME loans etc.
It is operated by HDFC Bank, one of the largest private sectors operating in India. It provides diverse loans like secured and non- secured financial loans through a large chain of the network. It got its NBFC Registration complying all the rules and regulations. Source url - http://articlescad.com/article/show/64089 Like it? Share it! More by this author |