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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14

Issue per Year : 12

Volume Published : 8

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Paper Title: Non-Banking Financial Companies- a critical review
Authors Name: Sachin Singh , Sanjay Kumar
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Published Paper Id: IJRTI2304042
Published In: Volume 8 Issue 4, April-2023
Abstract: A Sound and robust financial system is essential for channelising the savings for the capital formation. NBFCs, do not hold the banking licence but involved in proper financial system. They are performing a better alternative to the traditional banking system. This is a review paper which focuses on the evolution, financial areas and regulatory framework of NBFCs. This study has inculcated various studies related with NBFCs which are presented on the basis of relevancy and time-period is stretched over a long period of 1968 to 2020. This paper presents an extended literature review inculcating various studies related with NBFCs and for selection of relevant research works, some criteria have been used i.e. language, access, sources and nature of research paper. These literatures pertaining to various methodologies that is helping to reduce the risk involved. Some of the studies are concerned with remarking NBFCs as ‘backbone of our economy’. Some other studies talks about evolution of NBFCs with time as well as inherent potential of these companies to attain high growth trajectory in future. A few studies analyze the effect of emergence of COVID-19 on the financial position of such companies. Several studies recognize the contributions and role of NBFCs in capital formation after mobilizing savings of households. Other relevant studies are showing organization structure and domains of operations of these institutions. Most importantly, some studies analyze the impact of financial performance of such companies on our Indian economy.
Keywords: NBFC, Financial performance, Ratios, Banking system, Economic development
Cite Article: "Non-Banking Financial Companies- a critical review", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 4, page no.261 - 266, April-2023, Available :http://www.ijrti.org/papers/IJRTI2304042.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2304042
Registration ID:185843
Published In: Volume 8 Issue 4, April-2023
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Page No: 261 - 266
Country: Hardoi, Uttar Pradesh, India
Research Area: Social Science and Humanities 
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2304042
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2304042
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

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