The Non-
Banking Financial Companies have seen tremendous growth in past few years with
the development of larger companies carrying out varied range of activities and
having asset base of more than 100 Crores. In light of the widening ambit of
NBFCs and lighter regulations regarding it, Reserve Bank of India, recently
released a report on Non Banking Financial Companies (NBFC) prepared by Usha Thorat Committee. It is important for a Non Banking
Financial Company to know how these regulations affect the functioning of
NBFCs.
