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Acceptability of NBFCs to the Public

In: Non-Banking Financial Companies Role in India's Development

Author

Listed:
  • R. Kannan

    (Madras School of Economics)

  • K. R. Shanmugam

    (Madras School of Economics)

  • Saumitra Bhaduri

    (Madras School of Economics)

Abstract

Although the origin of NBFCs could be traced back to early 1950s, they started their journey in the 1960s by covering both savers and investors who were not adequately covered by the formal banking sector, especially in the rural and semi-urban sectors.

Suggested Citation

  • R. Kannan & K. R. Shanmugam & Saumitra Bhaduri, 2019. "Acceptability of NBFCs to the Public," India Studies in Business and Economics, in: Non-Banking Financial Companies Role in India's Development, chapter 0, pages 61-66, Springer.
    • Handle: RePEc:spr:isbchp:978-981-13-3375-0_4
    DOI: 10.1007/978-981-13-3375-0_4
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