Non Banking Financial Company - What it is and How to Apply for it?

Normally, NBFCs are financial institutions allowed to offer banking services for people such as credit facilities and loans as well as retirement planning also. But the major difference in Banks and NBFC is they don't have the right to take deposits from public. If they want to take deposits money from public, they've to take approval from RBI.

Know more about NBFC (Non-Banking Financial Company). Types, requirements, documents required and its registration process from this article.