The Indian finance sector is rapidly revolutionizing. Everyone now recognizes NBFCs as an essential financial intermediary, particularly for the small-scale and retail sectors with the growing importance of financial inclusion.
NBFCs offer a variety of products and services, including but not limited to the following:
Though NBFCs are emerging as a helping hand for those whose help banks cannot do, every deposit needs to be scrutinized by the company before proceeding.
The services offered by the NBFC are somewhat similar to that of banks but not the same. It is vital to know the key differences between the services of these two. You will get a fair idea about it through this article.