Are you willing to know detailed information about the various Types of Non- Banking Financial Companies? Here is the article which provides you the clean and clear information about the various Types of Non- Banking Financial Companies. These Non- Banking Financial Companies are either Deposit-taking (or) Non-deposit taking. If they are non-deposit taking, then ND is suffixed to their name(NBFC-ND). If this has a benefit size of INR 100 Crore (or) more are known as Systematically Important NBFC. The Non-deposit taking of NBFCs is denoted as NBFC-NDSI. Under these two categories, they are classified into many types, such as:-
| Asset Finance Company | The main theme of this company is to finance assets such as machines, automobiles, generators, material equipment, industrial machines, etc. |
| Investment Company | The main theme is to deal with securities. |
| Loan Company | The main theme is to make loans and advances. |
| Infrastructure Debt Fund | Debt fund is nothing but an investment pool, where the core holdings are fixed-income investments. Infrastructure Debt Funds are to infuse into the infrastructure sector. |
| Systematically Important Core Investment Company | It has deployed at least 90% of its assets in the form of investment in shares (or) debt instruments(or) loans in group companies is called CIC-ND-SI. |
| Infrastructure Finance Company | It has net owned funds of at least INR 300 crores, which has deployed 75% of its total assets in infrastructure loans is called as IFC provided and also it has a credit rating of A (or) above and it has a CRAR of 15% |
| Non-Banking Financial Company-Micro Finance Institutions. | it has the least 85% of its assets in the form of microfinance. Such Microfinance should be in the form of a loan which is given to those who have an annual income of INR 60,000 in rural areas and INR 120,000 in Urban areas. |
| Non-Banking Financial Company-factors | Factoring business refers to the acquisition of receivables by way of assignment of such receivables or financing, there against either by way of a loan of a security interest over such receivables but does not include normal lending by a bank against the security of receivables, etc. |
