What does MBFC mean? What is the full form of MBFC?

The full form of MBFC is Mutual Benefit Financial Company

The Mutual Benefit Finance Companies also called as “Nidhis”, are the non-banking finance companies that enable its members to pool their money with a predetermined investment objective. The main sources of funds are share capital, deposits from its members, deposits from the general public.

In other words, any company which has been notified by the Central Government as Nidhis under the section 620A of Companies Act, 1956 work as a mutual benefit finance company. These are one of the oldest forms of non-banking finance companies wherein the owners of the company are also its clients and pool their resources with the intent to secure loans at a low interest rate at the time the funds are required.

In 2020, Mutual Benefit Group posted consolidated assets of $276.3 million. Click here to access the 2020 Annual Report

MBFC

means

Mutual Benefit Financial Company

Translate Mutual Benefit Financial Company to other language.

Select another language: Go

Do you want to know What does MBFC mean? What is the full form of MBFC?. Are you looking for What does MBFC mean? What is the full form of MBFC? What is MBFC stand for? On this page, We talk about the various possible acronym, abbreviation, full form or slang term of MBFC. The Full Form of MBFC is‍ Mutual Benefit Financial Company

You also might want to know: how to pronounce MBFC, how to pronounce Mutual Benefit Financial Company,

Still can't find the acronym definition for MBFC? Please use our site search to look for more acronyms.

Showing the full form of MBFC:‍ 'Mutual Benefit Financial Company' on your site.

What does MBFC mean? What is the full form of MBFC?

Image Source:

Image HTML:

HTML with link: