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Title 31 Non Banking Financial Institution Database Title 31 Irs  Form

Title 31 Non Banking Financial Institution Database Title 31 Irs Form

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[Music] thank you [Music] good morning everyone welcome to another series of to the point today's topic of discussion is non-banking financial companies that is nbfcs first of all let's see why is it in the news data from the RBI shows that the number of nbfcs being set up every year has fallen sharply now let's discuss what are nbfcs or non-banking financial companies nbfcs are Shadow Banks which can offer loans to customers and in most cases do not take any deposits from them they are registered under the companies act 1956. they raise money from Banks and other financial institutions and lent to their customers thereby making money out of the interest margin it deals in the business of loans and advances investments in bonds shares debentures stock and other marketable securities now moving on to difference between nbfc and Bank nbfcs are types of financial institutions in India that offer banking services without a banking license but on the other hand bank is a government authoriz

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