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  • Classified Into The Following Categories: Development Finance Institutions Leasing Companies Investment Companies House Finance Companies

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    Sree Raj
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    Non-banking finance companies can be classified into several categories based on their activities, including development institutions, leasing companies, investment companies, house finance companies, venture capital companies, discount houses & guarantee companies, and corporate finance companies. While non-banking finance companies perform similar functions to banks by providing financing, they differ in that they cannot accept demand deposits, are not part of the payment and settlement system or issue cheques, and do not offer deposit insurance like banks.

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    Non-banking finance companies can be classified into several categories based on their activities, including development institutions, leasing companies, investment companies, house finance companies, venture capital companies, discount houses & guarantee companies, and corporate finance companies. While non-banking finance companies perform similar functions to banks by providing financing, they differ in that they cannot accept demand deposits, are not part of the payment and settlement system or issue cheques, and do not offer deposit insurance like banks.

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    Attribution Non-Commercial (BY-NC)
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    6 views2 pages

    Classified Into The Following Categories: Development Finance Institutions Leasing Companies Investment Companies House Finance Companies

    Uploaded by

    Sree Raj
    Non-banking finance companies can be classified into several categories based on their activities, including development institutions, leasing companies, investment companies, house finance companies, venture capital companies, discount houses & guarantee companies, and corporate finance companies. While non-banking finance companies perform similar functions to banks by providing financing, they differ in that they cannot accept demand deposits, are not part of the payment and settlement system or issue cheques, and do not offer deposit insurance like banks.

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    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    Classification: - Depending upon their nature of activities, non- banking finance companies can be classified into the following

    categories: Development institutions Leasing companies Investment companies House finance companies finance

    Venture capital companies Discount houses & guarantee

    Corporate companies

    development

    1 |Page

    The functions of NBFCS They are just like banks; there are few differences between both the institutions. (i) (ii) (iii) NBFC cannot accept demand deposits NBFC is not part of the payment and settlement system as well as it Deposit insurance facility of Deposit Insurance & Credit Guarantee

    cannot issue cheques drawn on itself Corporation is not available for NBFC depositors unlike in the case of banks.

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