NBCFs and Banks both become financial intermediaries and offer fairly similar services. But, there are many points of difference. You will find very stringent licensing rules for banks in comparison to NBFCs. What's an NBFC? Principal business activities in the Non- Banking Financial Company contain lending or financial leasing or hire purchase, accepting deposit or purchase of shares, stocks, bonds, etc. To initiate any business they are necessary to get yourself a license from RBI and they're controlled by RBI. According to Liability, NBFC may be Deposit-taking or Non-deposit taking. NBFC may be of following groups: Loan provider Asset Financial Institution Investment Company What exactly is a Bank? Banks perform pursuits like granting credit, demand deposits and provide withdr
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