F.A.Q

What is a Non-Banking Financial Company (NBFC)?

Non-banking financial companies (NBFCs) are financial institutions that offer various banking services, but do not have a banking license. NBFCs can offer banking services such as loans and credit facilities, retirement planning, money markets, underwriting and merger activities.

Is Non-Banking Financial Company (NBFC) similar to Bank?

NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:
  • NBFC cannot accept demand deposits.
  • NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  • Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
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In the course of using this Website or availing the products and services vide the online application forms and questionnaires, Kaunshya Capital and its affiliates may become privy to the personal information of its Users, including information that is of a confidential nature.

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