NBFCs
Originally, NBFCs registered with RBI were classified as:
(i) equipment leasing company; (ii) hire-purchase company; (iii) loan company; (iv) investment company.
However, with effect from December 6, 2006 the above NBFCs registered with RBI have been reclassified as
(i) Asset Finance Company (AFC) (ii) Investment Company (IC) (iii) Loan Company (LC)