Which are non banking financial companies?

Some of the examples of non banking financial companies are Muthoot finance, Mahindra & Mahindra Financial Services, Tata Capital Financial Services etc.You can read about The Reserve Bank of India: Functions and Composition in the given link.

Further readings:

  1. Debt-to-GDP Ratio: Definition, Application and India’s Context
  2. Topic-Wise GS 3 Questions for UPSC Mains

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