Which company is under NBFC?
Housing Finance Companies, Merchant Banking Companies, Stock Exchanges, Companies engaged in the business of stock-broking/sub-broking, Venture Capital Fund Companies, Nidhi Companies, Insurance companies and Chit Fund Companies are NBFCs but they have been exempted from the requirement of registration under Section 45 …
Which is the largest NBFCs in India?
In financial year 2020, the NBFC wing of HDFC was the leading non-banking financial company (NBFC) in India in terms of total assets worth over five trillion Indian rupees. It was followed by Bajaj Finance and Shriram Transport Finance Corporation with assets worth more than one trillion rupees each.
Which is the largest NBFC finance company in India based on turnover?
Bajaj Finance Ltd | Largest NBFC in India and is engaged in the business of lending. It is the Largest NBFC Finance Companies in India based on Turnover.
Is Dhfl a NBFC?
The crisis-hit DHFL was the first NBFC whose board was superseded by the Reserve Bank. Later it went through the corporate insolvency resolution process which was successfully resolved with Piramal Capital and Housing Finance Ltd acquiring the troubled housing finance company after paying creditors Rs 34,250 crore.
What are the major NBFCs in India?
Ranking Parameter:
| Top 50 NBFCs’ Ranking Based on Annual Turnover* | ||
|---|---|---|
| NBFCs List | “Total Income (Rs mn)” | Rank |
| Power Finance Corporation Limited | 267377.40 | 1 |
| Rural Electrification Corporation Limited | 224403.10 | 2 |
| Bajaj Finance Limited | 133292.20 | 3 |
Is Paytm NBFC?
Paytm is fintech and its subsidiary Paytm Entertainment could be classified as a Non Banking Financial Company (NBFC). An example of Indian Payments Bank is Paytm Payments Bank. It was established in 2015 after receiving approval from the Reserve Bank of India (RBI) in 2015.
Which is best NBFC?
7 Best NBFCs Stocks To Invest In India 2021
| Company | Current Price(June 30) | MARKET CAP in Rs. |
|---|---|---|
| Muthoot Finance | 1,479.80 | 59,369.49 Cr |
| Bajaj Finance Ltd. | 6,073.50 | 3,66,593.03 Cr. |
| LIC Housing Finance Ltd | 470.65 | 23,751.96 Cr |
| Aditya Birla Capital Ltd | 117.50 | 28,381.43 Cr. |
Which is the No 1 finance company in India?
Ranking Parameter
| Top 50 NBFCs’ Ranking Based on Annual Turnover* | ||
|---|---|---|
| NBFCs List | “Total Income (Rs mn)” | Rank |
| Power Finance Corporation Limited | 270185.70 | 1 |
| Rural Electrification Corporation Limited | 240953.50 | 2 |
| Shriram Transport Finance Company Limited | 108306.10 | 3 |
Is NBFC profitable in India?
The profitability of this sector had declined in the last few years, from a healthy 18.1 percent growth in Profit After Tax in FY14 to 12.2 percent and 4.5 percent, in the next two years, before settling to a further low of 1.9 percent in FY17.
What does HDFC mean?
Housing Development Finance Corporation Limited
The Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.