What do you know about NBFC and give one point of difference between Banks and NBFC?



What do you know about NBFC and give one point of difference between Banks and NBFC?..

Answer / Namit

Non-Banking Financial Companies (NBFC) are financial institutions that offer services such as loans, insurance, and investments without possessing a banking license. One key difference between banks and NBFCs is that banks can accept deposits from the public, while NBFCs cannot.

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