Frequently Asked Questions (FAQs)
What is a Financial Institution (FI)?
A Financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions, such as deposits, loans, investments etc.
What is a Non-Depository Financial Institution (NBFI) or Non-Bank Financial Company (NBFC)
A Non-Depository Financial Institution (NBFI) or Non-Bank Financial Company (NBFC) is a financial institution that may not conduct the services of a financial institution but through its service offerings, can facilitate or assist in facilitating financial transactions.