Fascinating NBFC Registration Process That Can Help Your Business Grow By NBFCWala
NBFC stands for Non-Banking Financial Corporation. If you are interested in getting an NBFC registration then this blog will help you. Let's start the journey! What is the NBFC Registration? NBFC registration carries on its operations under the guidelines of the Reserve Bank of India (RBI) which governs its operations. NBFC is a company incorporated under the Companies Act, 1956 or the Companies Act.2013 which is engaged in financial activities comparable to that of a bank. NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. NBFC can raise funds from the public directly or indirectly or can freely lend them to spenders. NBFC advance loans to the various small, wholesale and retail traders as well as self-employed persons. Benefits of NBFC Registration There are numerous benefits of NBFC Registration. List of the benefits of NBFC Registration is given below: 1) Quicker Processing - Most NBFCs requir