Non-Banking Financial Companies (NBFCs) are instrumental in shaping India’s financial landscape, driving financial inclusion, and supporting small and medium enterprises (SMEs) with innovative lending solutions. This excerpt highlights their role in bridging gaps left by traditional banks, catering to niche segments, and contributing to the real estate sector. NBFCs’ flexibility in funding sources and the evolving regulatory framework are also explored, showcasing their significant impact on India’s economic growth and financial stability.
