Investment firms in Delhi have surfaced up as one of the most upcoming investment platforms in Delhi/NCR. In the recent times, the finance industry of the sector has witnessed a boom due to better norms made alive by the Reserve Bank of India. Many entrepreneurs as well as professionals are willingly coming forward to invest in the investment firms in Delhi because the city is a house to some of the highest return providing Non-Banking Financial companies. Also, there are a lot of working professionals in the city who find a secondary source of monetary help in the form of the ROI obtained from their investments every month.
The
uplift of Non-Banking Financial Companies has come about due to a number of
reasons. Organizational flexibility allows them to offer tailor-made services
relatively faster than banks and other financial institutions resulting in a
better response mechanism. They also play a crucial role in the rural and
social sectors of the economy as financing in both the rural as well as urban areas
provide a spin-off benefit by helping both entrepreneurs and professionals
financially. The core strength of Non-Banking Financial Companies lays in their
strong customer relationships, excellent understanding of regional dynamics, and
well-developed collection systems and personalized services.
In the
past decade, NBFCs have played an important role in the expansion of the
consumer durables, housing & transport sectors. However, the industry is now
witnessing a paradigm shift, as competition is increasing in the retail market
space, which was previously dominated by NBFCs. These companies have started
gaining momentum in the last few decades with a wide variety of products and
services. Main function of Non-banking Financial Companies is to collect public
funds and provide loan to the loan seekers. There has been a significant
increase in such companies since 1990 and they are playing a vital role in
financial development of the country. Now, they are focusing on retailing
sector, housing finance, personal loans and marketing of insurance.
Many of the
NBFCs have ventured into the domain of mutual funds and insurance. Thus, NBFCs
can be interpreted as “Financial Institutions” that are in the process of
converting themselves into “Financial Super Markets”.
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