CURRENT AFFAIRS

Detailed explanation-1: -NBFCs include a loan company, an investment company, asset finance company ( i.e. a company conducting the business of equipment leasing or hire purchase finance) and Residuary Non-Banking Companies.

Detailed explanation-2: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.

Detailed explanation-3: -Non-Banking Financial Company (NBFC) is financial institution that does not have a banking license but can offer financial products and services to customers. NBFC Registration is primarily concerned with loans and advances, acquisition of shares, hire-purchase, finance leasing, chit fund, etc.