Non-bank Financial Institutions

Non-bank financial institutions (NBFIs) are organizations that provide financial services but do not have a full banking license. Unlike banks, they do not accept deposits from customers. NBFIs include entities such as insurance companies, investment firms, and credit unions. They offer services like loans, investments, and asset management. NBFIs play a crucial role in the financial system by facilitating access to capital and providing specialized financial services, helping businesses and individuals achieve their financial goals without the traditional banking framework.