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Non-Banking Financial Institutions: Development, Regulation and Supervision
Why are NBFCs referred to as 'shadow banks'?
NBFCs perform bank-like financial intermediation such as accepting deposits, extending credit, and investing, but operate without a full banking licence and face lighter regulatory oversight compared to banks.
What does NBFC-MFI primarily provide to economically disadvantaged borrowers?
Collateral-free small ticket loans to economically disadvantaged groups.
What distinguishes NBFCs from commercial banks in terms of regulatory treatment?
NBFCs face different and often lighter regulation than commercial banks, even though both perform similar financial intermediation functions.
What is the principal function of an NBFC-P2P lending platform?
Provides an online platform connecting lenders and borrowers directly.
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