Non- Banking Financial Companies (NBFCs) were self-driven and unregulated before 1997.It went through a lot of turmoil and was subjected to several controversies. The speculations that NBFCs went through was actually a blessing in disguise because it led to the initiation of the regulatory framework in the sector. After 20 years, NBFCs are now a sector that is regulated at the par with banks. Be it the registration norms, minimum entry, customer guidelines, credit concentration and several others, the sector now offers a wide range of services.

NBFC100 Tech Summit 2017 – Inaugural Session – Non-Banking Financial Companies: Rising Significance in Providing Niche Banking and The Road Ahead – Raman Aggarwal, Chairman, Finance Industry Development Council


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