India has financial institutions which are not banks but which accept deposits and extend credit like banks. These are called Non-Banking Financial Companies (NBFCs) in India.csr general knowledge todayIt is the constant endeavour of the Reserve Bank to enable prudential growth of the sector keeping in view the multiple objectives of financial stability consumer and depositor protection and need for more players in the financial market addressing regulatory arbitrage concerns while not forgetting the uniqueness of the NBFC sector. The Reserve Bank is at present reviewing the regulatory framework for NBFCs.csr general knowledge today
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