Abstract
Non-banking Financial Institutions (NBFIs) form an important part in the Indian Financial system. It has been intermediating a growing share of the resource flows to the commercial sector. NBFIs add-on the role of the banking sector in meeting the increasing financial needs of the corporate sector. NBFIs mainly belongs to private sector institutions that are focus in meeting the credit needs and a variety of financial services like financing of physical assets, infrastructure loans and commercial vehicles. The Reserve Bank of India's regulatory parameters are applicable to companies conducting non-banking financial activity, such as investment, lending or deposit acceptance as their principal business.
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