• Vishruth Vidyadhar Prasad
• Sheethal B M

This research paper describes about the financial performance of the top 5 Non-Banking financial companies in India, the NBFCs play a very significant role in the Indian financial sector. Non-banking financial companies are the companies that provide financial assistance to the people in the country just like any other traditional bank although they do not hold the complete license for banking. This Research starts with the advantages and disadvantages of the NBFCs and what role it plays to enhance the economy of the country, and the risks involved in dealing with Non-Banking financial companies. And it continues with how the NBFCs work and how rapidly non-banking financial companies have emerged over a period of time and have become a major point in the Indian financial sector .It also explains the wide variety of services that are being facilitated by these NBFCs. The main objective of this paper is to study and assess the financial performance of these Non-banking Financial companies, and how efficiently the non-banking financial companies are working. This paper studies financial performance and evaluation of the financial efficiency and productivity of NBFCs and also study about the various types that are present in India and how the General public is making effective use of them. The performance analysis of NBFCs in India is evaluated on various aspects which help us understand the financial strength and capacity of the non-banking financial companies stand in kind of uncertainties, and identify the earning generation from its operating activities; the amount of non-performing assets is the key indicator to evaluate the financial performance of the NBFCs. This paper studies the data that are collected and evaluates the performance of the top 5 NBFCs, understands the regulation and activities that the NBFCs are involved in, and the ways that these financial institutions involve themselves in the promotion of their companies, and also understands the difference between the normal banks and NBFCs. This research paper includes the data of top 5 NBFCs in India such as Bajaj Finance Ltd, HDFC Ltd, LIC Housing Finance Ltd, Mahindra, and Mahindra Financial Services¸ Sriram Transport Finance Company Ltd. Top 5 Companies have been selected based on their performances during the recent times. And those companies will be used as the sample for the research. In the end this paper also concludes with the required amount of changes to be bought in this Sector and the future of NBFCs in India.

Financial performance, economy, Non-Banking Financial companies, types of NBFCs, Non-performing Assets, Financial Institutions.

"A Study on Assessing the Financial Performance of Top 5 NBFCs in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 9, page no.d324-d336, September-2023, Available :http://www.jetir.org/papers/JETIR2309331.pdf

"A Study on Assessing the Financial Performance of Top 5 NBFCs in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 9, page no. ppd324-d336, September-2023, Available at : http://www.jetir.org/papers/JETIR2309331.pdf