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NBFC stands for Non-Banking Financial Company. It is a financial institution that provides banking services, but does not have a full banking license. Unlike banks, NBFCs are not subject to the same level of regulatory oversight, and are typically not required to hold reserves with the central bank. NBFCs play an important role in providing credit to individuals and businesses that may not have access to traditional banking services.

NBFCs are regulated by the Reserve Bank of India (RBI) and are subject to certain rules and regulations aimed at ensuring their financial stability and protecting the interests of their customers.

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At Finassistic, we are dedicated to providing top-notch legal, financial, and business consultation services to individuals and businesses. Our team of expert consultants is highly skilled and knowledgeable in their respective fields, and they are committed to delivering personalized and effective solutions to meet the unique needs of each client. Whether you are facing a complex legal issue, need help with financial planning and management, or are looking to grow your business, we have the expertise to guide you through every step of the process.