NBFCs (Non-Bank Financial Companies) are financial
institutions that provide banking services without
meeting the legal definition of a bank, i.e.
one that does not hold a banking license. Operations
are, regardless of this, still exercised under
bank regulation.
Non-bank institutions frequently acts as suppliers
of loans and credit facilities, supporting investments
in property, providing services relating to
events within peoples lives such as funding
private education, wealth management and retirement
planning.
In India, depending upon their nature of activities,
non- banking finance companies can be classified
into categories like Hire Purchase Finance Companies,
Investment Companies, Chit Fund Companies, Nidhis
or Mutual Benefit Finance Companies.
Taking into account all these features of NBFCs,
Dimensions has developed a highly reliable and
relentlessly performing management system to
ease up entire complex functioning of NBFCs.
Thorough monitoring and managing of NBFC's daily
affairs becomes a simple process with NBFC Management
System.