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Non-Bank Financial Companies (NBFCs) also known as Non-Banks, they are financial institutions that provide banking services without meeting the legal definition of a Bank, i.e. one that does not hold a banking license. Despite of this, its operations are still exercised under the Banking regulation. However this depends on the jurisdiction, as in some jurisdictions, such as New Zealand, any company can do the business of banking, and there are no banking licenses issued.

Non-Bank institutions normally acts as suppliers of loans and credit facilities, supporting investments in property, providing services such as financial support in private education, wealth management and retirement planning. However they are typically not allowed to take deposits from the general public and have to find other means of funding their operations such as issuing debt instruments.

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