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What is NBFC??????
A company which carried on as its business or part of its business the following activities: - financing - acquisition of securities - hire purchase - insurance - chit fund - mutual benefit company But does not include a company which carries on as its principal business: - agricultural operations, - industrial activities - Sale and purchase of goods - providing of services - purchase, sale and construction of immovable property
Types of NBFC
Asset finance Companies (AFC) AFC are financial institutions whose principal business is of financing physical assets such as automobiles, tractors, construction equipments material handling equipments and other machines. ex: Bajaj Auto Finance corp. , Fullerton India etc Investment Companies (IC) ICs generally are involved in the business of shares, stocks, bonds, debentures issued by government or local authority that are marketable in nature ex: Stock Broking Companies, Gilt firms Loan Companies (LC) LCs are loan giving companies which operate in the business of providing loans. These can be housing loans, gold loans etc ex: Mannapuram Gold Finance, HDFC
Au Financiers (India) Private Limited (AUFIPL), one of the fastest growing Rajasthan based Non Banking Finance Company, is an outcome of the professional entrepreneurship of its Founder Sanjay Agarwal & his highly experienced & competent management team. Their focus and passion is to establish a high quality, customer centric and Service Driven finance company catering the smallest needs of people of India. The association of the company with the finest pedigree investors reflects companys sustainable growth and synergies.Au Financiers is a Systematically Important Non Deposit Accepting NBFC as classified by RBI, in Rajasthan.
Ratio Analysis