Non-Banking Financial Companies (NBFCs)

Non-Banking Financial Companies: NBFC stands for Non-Banking Financial Company. These are financial institutions that provide financial services to customers but do not have a banking license. This means that NPS cannot accept deposits from the public, which is one of the core functions of a traditional bank. Financial institutions other than banking are the most important subjects for a banking degree. It covers an important part of the economy.

Non-Banking Financial Companies

Types of NBFCs

Investment and credit company NBFC

Infrastructure Finance Company NBFC

Systemically Core Investment Company NBFC

Infrastructure Debt Fund NBFC

Microfinance Institution NBFC:

Top 10 Non-Banking Financial Companies in India

1. LIC Housing Finance Limited LIC Housing Finance offers a wide range of financial products and services to customers across India. It was founded in 1989 in Mumbai, India as an affordable housing finance company. It is managed by Life Insurance Corporation of India (LIC), a state-owned insurance and investment company and one of India's largest institutional investors. The company offers long-term financing for the purchase or construction of residential properties. LIC has various loans available such as home loans, real estate loans and real estate financing for individuals and developers. It has a wide network of agents, branches and sales teams across India.
2. LandT Finance Holdings Limited LandT Finance Holdings Limited (LTFH) is a subsidiary of Larsen and Toubro Limited (LandT), one of India's largest engineering and construction companies. Established in 2008, the NBFC has expanded its reach to a wide customer base consisting mostly of individuals, farmers, SMEs and corporates. Its activities are spread across the country in urban, semi-urban and rural areas. The company has expanded its network with representative offices, customer service points and digital channels, offering customers an extremely convenient use of financial services.
3. Aditya Birla Finance Limited It is a subsidiary of Aditya Birla Capital Limited and is expected to be one of the most sought after NBFCs in the country. It offers a wide range of credit and wealth management services across the country. In terms of AUM, it is among the top in the financial sector. It serves a wide range of clients including retail companies, SMEs, HNIs and companies across sectors such as wealth management, corporate finance, personal finance, etc. With a strong distribution network, the company is constantly expanding its product range and strengthening its operations. its position as the leading NBFC in the country.
4. Cholamandalam Investment and Finance Company Limited Established in 1978, this NBFC is a subsidiary of Murugappa Group Ltd., a specialist non-banking financial entity. subsidiary The company's field of activity is mainly loans for vehicles and construction materials. Other services they offer include home loans, home renovation loans, balance transfers, farm loans, SME loans, etc. The company has other investment options like stocks, mutual funds, bonds, derivatives, demat accounts etc. Headquartered in Chennai, it is one of the fastest growing NBFCs in the country, offering a diverse range of products and services to its customers.
5. Mahindra and Mahindra Financial Services Ltd. Mahindra and Mahindra Financial Services Limited (MMFSL), better known as Mahindra Finance, is one of the leading NBFCs in India. It was established in 1991 mainly to finance Mahindra vehicles, but later expanded into other sectors. The company has a wide customer base consisting mostly of private individuals, rural households, farmers and small businesses. It has established itself in rural and semi-urban areas of the country where access to credit is limited. Mahindra Finance has an extensive network of branches and customer contact points across India which has enabled it to effectively reach and support its customers.
6. Bajaj Finance Limited Bajaj Finance provides financial services to both retail and corporate customers and has a wide presence across the country. Thanks to the high credit rating FAAA/Stable, we managed to achieve a large market position at the moment. It covers SMEs as well as retail and corporate customers and is a popular name in the rural and urban sectors. The company, which has been in business for more than 35 years, also has an A1+ short-term credit rating and a global long-term credit rating of "BBB" according to S and P Global Rating.
7. Tata Capital Finance Service Limited Tata Capital Housing Finance Limited (TCHFL) is a wholly owned subsidiary of Tata Capital Limited, offering commercial and infrastructure finance, wealth management, consumer loans and Tata Cards through its more than 100 branches. An NBFC is registered with the National Housing Bank as a housing finance company. Its wide range of products includes home purchase and construction loans, land purchases, home improvement loans, project finance loans for developers etc.
8. Shriram Finance Limited Shriram Finance offers corporate loans, home loans, vehicle loans, gold loans and small loans. business loans It is a part of the Shriram Group which has been operating for the past four decades. These NBFC-Ds and NBFC-ICCs offer consumer finance, EMI cards, vehicle loans and home loans, catering to the retail, SME and commercial sectors. With           a customer base of 73 million and around Rs 270,050 crore ($34 billion) in assets, it is one of the fastest growing NBFCs in India.
9. Muthoot Fincorp Muthoot Fincorp was established in 1997 and has since become one of the leading NBFCs in India. It is part of the Muthoot Pappachan Group and offers a wide range of financial services that include gold loans, home loans and vehicle loans. The company serves a diverse customer base that includes individuals, small businesses and traders in rural, semi-urban and urban areas. It is known to provide instant cash for various needs, making it one of the most popular lenders to pay off your payday loans.
10. HDB Financial Services Limited HDB Financial Services (HDBFS) is a subsidiary of HDFC Bank that offers personal loan products, durable goods loan products, credit cards and insurance products to its customer base, including individuals. and corporate bodies across India. It was founded in 2007 and today it has a strong business with strong capital. The NBFC has long-term and short-term credit ratings of CARE AAA and CRISIL AAA and A1+.

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