The legal entities which largely produce services and goods for markets are known as non-financial corporations. The goods and services produced by them are non-financial. You can read about the Types of Non Banking Financial Institutions – Functions & Objectives in the given link.
Non-financial corporations consist of small unlisted firms, large conglomerates and large companies which are listed on stock markets.
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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