Saturday, July 24 2021

Non-banking finance companies (NBFCs) form an integral segment of the Indian financial system. NBFCs, which have emerged as the driving force in India’s rapid economic growth in areas ranging from customer satisfaction to social engagement, play a critical role in the core development of infrastructure, transport, employment generation, wealth creation opportunities, and financial support for economically weaker sections. With the expansion of NBFCs network, the nation not only achieves greater financial inclusion but also greater economic activity, which in turn works as a spiral in activities ranging from employment to welfare.

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