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Non-Banking Financial Companies (NBFCs) play a crucial role in the financial sector by providing a wide range of financial services and products, excluding traditional banking services. They contribute significantly to the diversification and development of the financial ecosystem. NBFCs operate as financial intermediaries, catering to the financial needs of various sectors of the economy.

NBFCs are typically into funding of:

1. Construction equipments
2. Commercial vehicles and cars
3. Gold loans
4. Microfinance
5. Consumer durables and two wheelers
6. Loan against shares etc.