4. REGULATORY AUTHORITIES OF NBFCS All the NBFCs are not regulated by the RBI. The regulatory authorities of different types of NBFCs are shown in Table Nob TABLE NO. 3: REGULATORY AUTHORITIES OF NBFCS Sl. No. Type of NBFCs Name of Regulatory Authority 1 Equipment Leasing Companies RBI 2 Hire-Purchase Finance Companies RBI 3 Loan Companies RBI 4 Investment Companies RBI 5 Residuary Non-Banking Companies RBI 6 Misc. Non-Banking Companies Chit Funds) RBI and Registrar of Chits of the concerned States 7 Mutual Benefit Finance Companies (Nidhis and Potential Nidhis) Department of Company Affairs, GoI 8 Micro Finance Companies Department of Company Affairs, GoI 9 Housing Finance Companies NHB 10 Insurance Companies Insurance Regulatory and Development Authority of India(IRDA) 11 Stock Broking Companies SEBI 12 Merchant Banking Companies SEBI Source: Report on Trend and Progress of Banking in India, 2003-04, RBI, Page 147.
