A Study on the Growth of Non-Banking Financial Companies (NBFCs) in India
Praveen R1*, Dr. Abirami2
Abstract
This research paper evaluates the trajectory of Non-Banking Financial Companies (NBFCs) within the Indian financial ecosystem. By leveraging a customer-centric model and technological integration, NBFCs have significantly bridged the credit gap for underserved sectors. This study explores their growth drivers, the strategic implementation of Artificial Intelligence (AI), and the prevailing liquidity and regulatory challenges. The findings underscore the systemic importance of NBFCs in fostering financial inclusion and supporting India’s goal of a $7 trillion economy by 2030.
Keywords:
NBFCs; Financial Inclusion; Artificial Intelligence; Liquidity Risk; Digital Lending
