Réseau Entraide Boomers (REB)

Non-Banking Financial Companies (NBFCs) in India play a vital role in providing financial services outside the traditional banking sector. For NBFC registration with the Reserve Bank of India (RBI), it's important to understand the types of NBFCs based on business activity.

1. Asset Finance Company (AFC): Engaged in financing physical assets like automobiles, machinery, and industrial equipment used in production.

2. Loan Company (LC): Focuses on providing loans and advances for personal or business purposes, without involving asset financing.

3. Investment Company (IC): Deals primarily in the acquisition of securities and shares for investment purposes.

4. Infrastructure Finance Company (IFC): Specializes in funding infrastructure projects. Requires a minimum of 75% of total assets in infrastructure loans and a higher net-owned fund.

5. Microfinance Institution (NBFC-MFI): Provides small loans (microloans) to underserved and low-income individuals, typically without collateral.

6. Housing Finance Company (HFC): Offers loans for residential housing purposes and must register with the National Housing Bank (NHB).

7. NBFC-Factor: Engaged in factoring services—financing accounts receivable by purchasing invoices.

8. Core Investment Company (CIC): Primarily holds shares of other group companies and does not trade in them.

Each type must meet specific regulatory criteria and capital requirements for successful NBFC registration.