A study of financial performance of NBFCS

NBFCs (Non-bank financial companies) play a very vital role in participating in the development of an economy by providing a fillip to transportation, employment generation, wealth creation, bank credit in rural segments and to support financially weaker sections of the society. NBFCs are financial intermediaries engaged in the business of accepting deposits delivering credit and play an important role in channelizing the scarce financial resources to capital formation. In India, despite being different from banks, NBFC are bound by the Indian banking industry rules and regulations. Present paper aims at studying the financial performance of NBFCs and its comparison with previous years. Financial performance of NBFCs has been studied from different parameters viz expenses, incomes, taxes, profits, assets etc.