Transcription of Non-Banking Financial Institutions
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Non-Banking Financial Institutions
I. Non-Banking Financial Institutions (NBFIs) have been intermediating a growing share of the resource flows to the commercial sector. NBFIs regulated by the Reserve Bank are all-India Financial Institutions (AIFIs), Non-Banking Financial companies (NBFCs) and primary dealers (PDs) (Chart ). AIFIs, largely an outcome of development planning in India, were created as apex public entities for providing long-term financing / refinancing to specific sectors. NBFCs, on the other hand, are mostly private sector Institutions that specialise in meeting the credit needs and a variety of Financial services of niche areas which, inter alia, include financing of physical assets, commercial vehicles a
6 sets out the latest developments and Section 7 concludes with an overall assessment. II. Non-Banking Financial Companies VII.3 NBFCs are classified on the basis of their liability structures, the type of activities they undertake and their systemic importance. In terms of liability structure, NBFCs are classified
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