India: number of NBFCs 2024| ��ƽ��

Number of registered non-banking financial companies (NBFC) in India in financial year 2024, by category

NBFC category	Number of NBFCs
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Release date

December 2024

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Region

India

Survey time period

FY 2024

Special properties

NBFCs regulated by RBI

Supplementary notes

Base Layer NBFC: Assets worth less than 10 billion Indian rupees and do not have any customer interface.

Middle Layer NBFC: Assets worth more than 10 billion Indian rupees.

Upper Layer: NBFCs with the largest assets, as identified by the RBI.

Citation formats

In the financial year 2024, India had a total of Non-Banking Financial Companies (NBFCs). Of these, were categorized as base layer NBFCs, while ** were classified as upper layer NBFCs, under the Reserve Bank of India regulation.

What are NBFCs?

NBFCs are non-banking financial companies that provide banking services without holding a banking license. They engage in the advancement of loans and advances, acquisition of shares, stocks, bonds, savings and investment products, credit facilities and so on. NBFCs do not form part of the payment and settlement system. Investment companies, infrastructure finance, loan companies, asset finance companies are common examples of NBFCs based on activity.

Relevance of NBFCs in Indian landscape

NBFCs facilitate credit to key and niche sectors of the Indian economy ranging from infrastructure to unbanked sections of the society. They play an integral role in the diversification of the Indian financial sector by mobilizing resources and providing loans at payable costs. The sector also brings new credit disbursals into micro, small, and medium enterprises (MSMEs) and contributes largely to the economy by lending to infrastructure projects.