|
NBFCs are the key pillars of the financial sector, elevating financial inclusivity for those experiencing capital or credit issues. The advent of NBFCs has harmonized the financial sector and broadened credit accessibility, spanning almost all kinds of entities regardless of footprint or sector.
NBFCs in India experience stringent operational norms to keep things transparent and legitimate. They have a long list of compliances to follow underpinned by governing authority i.e. Reserve Bank of India.
|