An Analytical Study of NBFCS and its Impact on the Financial Growth of the Nation

The attempt has been made through this research to analyse the role of NBFCs on the financial growth of the nation (India). Their role in the Indian financial sector has grown significantly. These companies are registered under the company act 1956 of India, according to this “A company which is engaged in the business of loan and advances, acquisition of shares, stock, bonds, hire–purchase insurance business or chit–funds business but does not include any institution whose principal business includes agriculture, industrial activities etc.” RBI controls and regulate all activities of these companies.