Performance of Non-Banking Financial Institutions
| International Journal of Humanities and Social Science |
| © 2017 by SSRG - IJHSS Journal |
| Volume 4 Issue 2 |
| Year of Publication : 2017 |
| Authors : Jency S |
10.14445/23942703/IJHSS-V4I2P102
How to Cite?
Jency S, "Performance of Non-Banking Financial Institutions," SSRG International Journal of Humanities and Social Science, vol. 4, no. 2, pp. 7-13, 2017. Crossref, https://doi.org/10.14445/23942703/IJHSS-V4I2P102
Abstract:
The financial sector in any economy consists of several intermediaries. Apart from banking entities, there are investment intermediaries (such as mutual funds, hedge funds, pension funds, and so on), risk transfer entities (such as insurance companies), information and analysis providers (such as rating agencies, financial advisers, etc), investment banks, portfolio managers and so on. All such entities that offer financial services other than banking, may be broadly called non-banking financial institutions. The non-banking financial companies (NBFC's) have emerged as substantial contributors to the Indian economic growth by having access to certain deposit segments and catering to the specialized credit requirements of certain classes of borrowers. A nonbanking institution which is a company and which has its principal business of receiving deposits under any scheme of arrangement of any other manner, or lending in any manner is also a non-banking financial company. This paper makes an attempt to studythe financial performance of each of the entities of NBFIs such as All India financial institutions (AIFIs), Non-banking financial companies (NBFCs) and Primary dealers in 2015-16.
Keywords:
Banking, non-banking financial institutions, All India financial institutions, Nonbanking financial companies, Primary dealers.
References:
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