A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 and regulated by the Reserve Bank of India (RBI) under Section 45-IA of the RBI Act, 1934. NBFCs engage in financial activities such as lending, investment, leasing, hire purchase, and asset financing, without enjoying full banking privileges. https://www.corpzo.com/nbfc-annual-compliance-in-india-a-regulatory-roadmap