Non-Banking Financial Companies Role in India's Development

This book examines the trend and growth of non-banking financial companies (NBFCs), both from balance sheet and regulations view-points. It further investigates the role of NBFCs in furthering financial inclusion, last-mile delivery of credit and their contribution to financial sector.

Since the Reserve Bank of India (RBI) formally recognised the NBFCs in India in 1964, they have increased signifi...