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    Assignment 8

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    Balraj Deshmukh
    Non-banking financial companies (NBFCs) provide financial services like loans, credit facilities, and retirement planning without meeting the legal definition of a bank. They play a crucial role in both urban and rural economies by granting loans to support new ventures. The document provides information on several major NBFCs in India, including their areas of focus and services offered, to help compile information needed to set up a new business enterprise.

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    Assignment 8

    Uploaded by

    Balraj Deshmukh
    41 views2 pages
    Non-banking financial companies (NBFCs) provide financial services like loans, credit facilities, and retirement planning without meeting the legal definition of a bank. They play a crucial role in both urban and rural economies by granting loans to support new ventures. The document provides information on several major NBFCs in India, including their areas of focus and services offered, to help compile information needed to set up a new business enterprise.

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    Non-banking financial companies (NBFCs) provide financial services like loans, credit facilities, and retirement planning without meeting the legal definition of a bank. They play a crucial role in both urban and rural economies by granting loans to support new ventures. The document provides information on several major NBFCs in India, including their areas of focus and services offered, to help compile information needed to set up a new business enterprise.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views2 pages

    Assignment 8

    Uploaded by

    Balraj Deshmukh
    Non-banking financial companies (NBFCs) provide financial services like loans, credit facilities, and retirement planning without meeting the legal definition of a bank. They play a crucial role in both urban and rural economies by granting loans to support new ventures. The document provides information on several major NBFCs in India, including their areas of focus and services offered, to help compile information needed to set up a new business enterprise.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    MVP's RSM Polytechnic, Nashik

    Assignment 8

    Aim: Compile the info from financial agencies that will help you setup your
    business enterprise.

    Non-Banking Financial Companies (NBFC) are establishments that provide


    financial services and banking facilities without meeting the legal definition of a
    Bank. They are covered under the Banking regulations laid down by the
    Reserve Bank of India and provide banking services like loans, credit facilities,
    TFCs, retirement planning, investing and stocking in money market.
    These organizations play a crucial role in the economy, offering their services
    in urban as well as rural areas, mostly granting loans allowing for growth of
    new ventures.

    Shriram Transport Finance Company Limited


    Transport Finance Company Limited focuses on funding commercial and
    business vehicles, besides others. The company was founded in 1979 and has
    been offering funding services for Light Duty Trucks, Heavy Duty Trucks, Mini
    Trucks, Passenger Vehicles, Construction Vehicles and Farm Equipments. The
    company’s specialisation is in general insurance, mutual funds, common assets,
    stock broking and general protection.

    Bajaj Finance Limited


    Bajaj Finance Limited was founded in 2007 and is a unit of Bajaj Holdings
    and Investments. It offers loans to doctors for career enhancement, home loans,
    gold loans, individual Loans, business and entrepreneur loans and is an
    extremely popular finance company. Apart from these, Bajaj Finserv also
    provides services like wealth advisory, lending money and general insurance. It
    has over 1400 branches across the country with more than 20000 employees.

    L & T Finance Limited


    L & T Finance Limited is a strong player in the non banking financial sector
    and was established in 1994. Headquartered in Mumbai, L & T offers funding
    services to different sectors like trade, industry, agriculture, Commercial
    Vehicle loans, Individual Vehicle loans, and corporate and rural loans. The

    Roll no. 10
    MVP's RSM Polytechnic, Nashik

    company caters to more than 10 lakh people. In 2010, L & T was awarded the
    “Company of the year” in the Economic Times awards.

    Cholamandalam
    Cholamandalam Investment and Finance Company Limited (Chola), was
    incorporated in 1978 as the financial services arm of the Murugappa Group.
    Chola started as an equipment financing company and has surged ahead as a
    complete financial services provider offering all kinds of services like - vehicle
    finance, home loans, home equity loans, SME loans, investment advisory
    services, stock broking and a host of other financial services to customers.
    Chola has 725 branches across India with assets under management above INR
    35,000 Crores.

    HDB Finance Services


    HDB Financial Services is operated by India’s largest private sector HDFC
    Bank. It offers a variety of secured and non-secured financial loans through a
    network of more than 1,000 branches in 22 Indian states and 3 Union
    Territories. It provides secured and unsecured loans, including personal and
    business loans, doctor's loans, auto loans, gold loans, new to credit loans,
    enterprise business loans, consumer durables loans, construction equipment
    loans, new and used car loans, equipment loans, and tractor loans. The company
    operates through Lending Business and BPO Services segments. It is considered
    the fastest growing NBFC in India today.

    Conclusion: Hence, we compiled the info from financial agencies that will help
    us setup our business enterprise.

    Roll no. 10

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