NBFIs constitute of which of the following?
A
banks and leasing firms
B
leasing firms and insurance companies
C
banks and insurance firms
D
banks, leasing firms and insurance companies
Correct Answer: leasing firms and insurance companies
A non - banking financial institution (NBFI) or non - bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank - related financial services, such as investment, risk pooling, contractual savings, and market brokering.