The examples of Non-Banking Financial Companies are Private Equity Funds, Hedge Funds, Insurance Companies, Money Market Funds, Mortgage Lenders, Investment Banks. You can read about the Types of Non Banking Financial Institutions – Functions & Objectives in the given link.
Private Equity funds are usually managed by a firm or a limited liability partnership. Investment banks do not take deposits unlike retail banks and commercial banks.
Further readings:
- NBFCs & IBC: RSTV – Big Picture Discussion on the RBI’s move to resolve NBFCs under insolvency law
- Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 [UPSC Notes GS III]
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Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19 |
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