What Are Nbfcs And Difference Between Nbfcs And Bank?

1.	What Are Nbfcs And Difference Between Nbfcs And Bank?
Answer» Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking LICENSE. NBFCs do offer all sorts of banking services, such as loans and credit FACILITIES, retirement planning, MONEY markets, underwriting, and merger ACTIVITIES. These institutions are not allowed to TAKE deposits from the public. Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.

Answer»

Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking LICENSE. NBFCs do offer all sorts of banking services, such as loans and credit FACILITIES, retirement planning, MONEY markets, underwriting, and merger ACTIVITIES. These institutions are not allowed to TAKE deposits from the public.

Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.

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