What does NBFC stand for? NBFC is an abbreviation used for Non-Banking Financial Company that provides lending and other banking services without even falling under the legal definition of Financial

Nowadays, finance companies are playing vital role in executing financial functions in the life of people. These companies play all the roles of a traditional bank without having any banking license. They

P2P, known as Peer-to-peer, is a kind of NBFC which lends money to its borrowers online. However, NBFC works in a similar way like a traditional bank in India with an exception of issuing demand drafts