What does NBFI mean in Banking?
This page is about the meanings of the acronym/abbreviation/shorthand NBFI in the Business field in general and in the Banking terminology in particular.
Submitted by wikidude on July 30, 2019
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Definition
What does NBFI mean?
- Non-bank financial institution
- A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFI facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail."Operations of non-bank financial institutions are often still covered under a country's banking regulations.
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"NBFI." Abbreviations.com. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.abbreviations.com/term/2105666>.
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