• Honey Jain
• Tanmayee Parbat
• Rohan Benhal

Everyone acknowledges that NBFCs have played a critical role in channeling scarce financial resources into capital formation. NBFCs have been assisting the organized banking sector by bridging credit gaps, i.e., addressing the growing financial needs of the corporate sector, giving loans to the unorganized sector, and small local borrowers. In the organized sector, NBFCs have a more flexible structure than banks. The Reserve Bank of India and the Central Government have been working on regulating these NBFCs from time to time. The Reserve Bank of India's Department of Nonbanking Supervision is in charge of regulating and overseeing NBFCs. The importance of these NBFCs to economic growth as well as meeting the credit needs of the economy must be recognised, and there is also a need to maintain a close eye on their operations, as some of these NBFCs have robbed money from innocent investors. The current study, titled "Growth and Development of Non-Banking Financial Companies in India," focuses on topics such as defining the word NBFCs, NBFC evolution, growth, and development, regulatory agencies, and NBFC supervision. The purpose of this article is to examine the evolution, expansion, and development of India's non-banking financial companies. Non-Banking Financial Companies, Organized Banking Sector, Financial Institutions, Non-Banking Financial Companies, Non-Banking Financial Companies, Non-Banking Financial Companies, Non-Banking Financial Companies, Non-Bank

"Analysis of Growth Prospects Of Non- Banking Financial Companies In India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.d33-d39, August-2021, Available :http://www.jetir.org/papers/JETIR2108377.pdf

"Analysis of Growth Prospects Of Non- Banking Financial Companies In India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppd33-d39, August-2021, Available at : http://www.jetir.org/papers/JETIR2108377.pdf