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ID#509008 20-02-13 14:18 Ad viewed 15 time(s)

Everything About NBFC Funding in India

The NBFCs or the Non-Banking Financial Companies as the name itself suggests are not banking companies. They do not depend on CASA or the Current Account Savings Account deposits for raising funds. As CASA deposits are only significant for banks, wherein the banks are provided with licenses by the RBI in order to accept monies from the public. NBFCs do not have those prosperities, which means that the NBFCs need alternate sources of the money supply, which are higher than the deposits taken by banks, where the interest rate offered is between 4%-6%.
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