A Non-Banking Financial Corporation (NBFC) is a company registered under the Companies Act 2013 or 1956 that offers loans and advances, as well as buys stocks, equities, debt, and other assets issued by the government or a local government. The primary goal of this sort of organisation is to accept deposits in whatever format or method possible.

A nbfc registration is defined as a company that carries on the business of a financial institution under section 45-I (c) of the RBI Act. The Reserve Bank of India and the Ministry of Corporate Affairs are in charge of it.