How many non-banking financial companies are there in India?

How many non-banking financial companies are there in India?

As of January 31, 2021, there were 9,507 non-banking financial companies (NBFCs) registered with the Reserve Bank of India. The vast majority of over nine thousand NBFCs belonged to the non-deposit taking category.

Which companies comes under NBFC?

There are a huge number of NBFCs operating in our country but here’s a look at the current top 10 NBFCs in India.

  • Power Finance Corporation Limited.
  • Shriram Transport Finance Company Limited.
  • Bajaj Finance Limited.
  • Mahindra & Mahindra Financial Services Limited.
  • Muthoot Finance Ltd.
  • HDB Finance Services.
  • Cholamandalam.

What are non-banking financial companies examples?

Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.

Which is the No 1 finance company in India?

Housing Development Finance Corporation Limited or HDFC is one of the top 10 finance companies in India located in Mumbai, India. It is a leading provider of housing finance. It is also providing asset management, general insurance, venture capital, banking, and education loans.

Which is top bank in India?

Top 10 Banks in India

  • HDFC Bank.
  • State Bank of India.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • IndusInd Bank.
  • Yes Bank.
  • Punjab National Bank.

Is NBFC under RBI?

That the NBFC is registered with RBI and specifically authorized by the RBI to accept deposits. A list of deposit taking NBFCs entitled to accept deposits is available at → Sitemap → NBFC List. NBFCs have to prominently display the Certificate of Registration (CoR) issued by the Reserve Bank on its site.

What are three major types of non bank financial institutions?

These entities are as follows:

  • Insurance Companies which are regulated by Insurance Regulatory and Development Authority of India (IRDA)
  • Housing Finance Companies which are regulated by the National Housing Bank.
  • Stock Broking Companies which are regulated by Securities and Exchange Board of India.

Which is the second largest non banking financial company in India?

The Tata Motors Finance Ltd is one of the largest non banking financial companies of India and operates for providing loans and finance for almost all ranges of vehicles. It is the second largest finance company after Bajaj to provide financial loans for the vehicles. It was established way back in 1957 but had a different name.

Which is the Best Non Banking Financial Company?

Find List of Non Banking Financial Company (NBFC) with company name, regional office address and city. GRAMEEN SAHARAVILL – DUBJENI DIST. First Floor – 2 City Mall Nr.

Which is the best NBFC company in India?

List of Top 20 Best NBFC in India 1. LIC Housing Finance Ltd 2. HDB Finance Services 3. PNB Housing Finance Ltd 4. Bajaj Finserv Ltd 5. Kotak Mahindra Investments Ltd 6. Indiabulls Group 7. Power Finance Corporation Ltd 8. Muthoot Finance Ltd 9. Sundaram Finance Ltd 10. LKP Finance Ltd 11. Citicorp

Which is the best finance company in India?

It is a leader in India’s gold loan and finance market. Besides financing gold transactions, Muthoot Finance Ltd offers foreign exchange services, money transfers, wealth management services, travel, and tourism services. Gold coins are also sold at Muthoot Finance Branches.