Non-Banking Financial Companies (NBFCs) are financial institutions that provide loans, asset financing, investments, housing finance, and other financial services without operating as banks. Regulated primarily by the Reserve Bank of India (RBI), NBFCs play a vital role in expanding credit access to individuals, MSMEs, rural households, and underserved sectors, making them an important pillar of India’s financial ecosystem.
NBFC’s Study Notes, Download FREE
Learn the fundamentals of Non-Banking Financial Companies (NBFCs) with our easy-to-understand study notes. The PDF covers the definition, legal framework, functions, classification, NBFCs vs. banks, scale-based regulation (SBR), recent RBI guidelines, and the role of NBFCs in India’s economic growth. Designed for quick learning and revision, these notes simplify complex concepts into concise, exam-friendly content.
NBFC’s , FREE LIVE Quiz
Strengthen your understanding of NBFCs with our FREE LIVE quiz. Practice important questions on NBFC regulations, classifications, functions, and key concepts to assess your knowledge, improve retention, and reinforce your understanding of India’s non-banking financial sector.
1. Which document must an NBFC obtain from the RBI before commencing operations?
2. What percentage of public deposits must deposit-taking NBFCs hold in approved liquid assets?
3. Which type of NBFC provides financial data aggregation services with user consent?
4. Under which section of the RBI Act, 1934, is the term ‘Non-Banking Financial Company’ defined?
5. A Core Investment Company (CIC) primarily invests in:
6. Which of the following statements about NBFCs is INCORRECT?
7. The Upper Layer (NBFC-UL) mandatorily includes:
8. Which reserve requirement do NBFCs NOT need to maintain, unlike banks?
9. Which of the following can banks do but NBFCs cannot?
10. What is the asset size threshold for a non-deposit-taking NBFC to be classified as Systemically Important (NBFC-ND-SI)?
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11. The Scale-Based Regulation (SBR) Framework for NBFCs was implemented by RBI in:
12. NBFC-Factor specialises in:
13. Which of the following NBFCs is placed in the Base Layer under the SBR Framework?
14. Under the SBR framework, the Base Layer (NBFC-BL) includes non-deposit-taking NBFCs with an asset size below:
15. When commercial banks lend to NBFC-MFIs or HFCs, such lending can be classified under:
16. Which authority primarily regulates and supervises NBFCs in India?
17. Which of the following activities is NOT included in the definition of an NBFC as per the RBI Act?
18. An NBFC has total assets of ₹1,500 crore and does not accept public deposits. Under the SBR Framework, it would be placed in the:
19. Which NBFC type must deploy at least 75% of its assets in infrastructure loans?
20. Nidhi Companies are notified under which legislation?
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