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Examples of Non-Banking Financial Companies (NBFCs) in India include some well-known and widely recognized institutions that offer financial services like lending, asset management, and investment without holding a full banking license. Prominent examples include:
- Bajaj Finance Ltd.: A major NBFC offering personal loans, business loans, and consumer durable financing.
- Tata Capital Financial Services Ltd.: Provides a range of financial services, including loans and wealth management.
- Muthoot Finance Ltd.: Specializes in gold loans and personal finance.
- HDFC Ltd.: Focuses on housing finance, providing home loans and related services.
- Shriram Transport Finance Co. Ltd.: Leading in vehicle financing, especially for commercial vehicles.
- LIC Housing Finance Ltd.: A subsidiary of LIC, offering home loans.
- Mahindra & Mahindra Financial Services Ltd.: Engaged in rural and semi-urban financial services, including loans for vehicles and tractors.
These NBFCs play a crucial role in financial inclusion and economic growth.
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