Definition
A company registered under the Companies Act and regulated by the RBI under the RBI Act, 1934, that provides financial services (loans, leases, investments) but is not a bank. NBFCs with assets ₹100 crore+ are entitled to use SARFAESI enforcement for secured loans. Microfinance NBFCs and Housing Finance Companies are special categories of NBFCs.
Need Expert Advice on NBFC (Non-Banking Financial Company)?
For specific advice on how NBFC (Non-Banking Financial Company) applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates