What is the full form of "NBFC"?
A. Non Banking Financial Companies
B. National Banking and Financial Consortium
C. Native Fiscal and Balance Credit
D. Non Bailable Financial Credit
Answer: Option A
Solution (By Examveda Team)
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations.This Question Belongs to Abbreviations >> Finance Abbreviations
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