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STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS
Answer Posted / Atul Pratap Singh
Banking Financial Instruments (FIs) and Non-Banking Financial Instruments are both types of financial products. Banking FIs include deposits, loans, and bank guarantees offered by banks and other deposit-taking institutions. Non-Banking FIs, on the other hand, encompass a wide range of financial products such as insurance, mutual funds, and securities, which are typically provided by entities outside the banking sector.
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