An Overview of NBFC Software NBFCs or Non-Banking Financial Institutions/Companies play a leading role in extending financial services and in promoting global economic growth by addressing diverse financial needs. These needs could include catering to the financial requirements of small and medium-sized enterprises (SMEs), enhancing job creation, lending in the local sector, and financial support to the weaker sectors of society. For insurance-related matters, clients are also provided with emergency services such as financial support and guidance. NBFCs also deal in deposit processing activities that play a significant role in providing credit. NBFCs are not related to agricultural or industrial activities or the sale, purchase, or construction of real estate.