Non-Banking Financial Companies are veryimportant.
NBFCs are financial intermediaries engaged primarilyin the business of accepting deposits delivering credit.
They play an important role in channelising thescarce financial resources to capital formation.
NBFCs supplement the role of banking sector inmeeting the increasing financial needs of the corporatesector, delivering credit to the unorganized sector andto small local borrowers.
All NBFCs are under direct control of RBI in India.