BANKING AFFAIRS

Detailed explanation-1: -Infrastructure Finance Company (NBFC-IFC) – Conducting the principal business of providing infrastructure finance through loans. Factoring Company (NBFC-Factor) – Conducting the principal business of factoring. Housing Finance Companies (NBFC-HFC) – Engaged in the principal business of Housing Finance.

Detailed explanation-2: -Introduction: Infrastructure Finance Company Infrastructure Finance Company provides credit facilities to the borrowers in the specific infrastructure sectors. The creation of a separate category of NBFC’S (NBFC-IFC), expected to plays a major role in the banking industry as a provider of infrastructure finance.

Detailed explanation-3: -Notes: The Asset Finance Company is the financial institution engaged in the principal business of financing physical assets that correspond to productive/economic activity such as machinery, automobile, tractors, material handling equipment, power generators, etc.

Detailed explanation-4: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.