A government authorised financial intermediary that aims at providing banking services to the general public is called the bank. An NBFC is a company that provides banking services to people without holding a bank license. An NBFC is incorporated under the Indian Companies Act, 1956 whereas a bank is registered under Banking Regulation Act, 1949. NBFC is not allowed to accept such deposits which are repayable on demand. Unlike banks, which accepts demand deposits. Banks are an integral part of payment and settlement cycle while NBFC, is not a part of the system.
Which state government has signed three MoUs to strengthen MSMEs in the state and enable digital payments in government departments. One of the MoUs s...
The Insider Trading Regulations amendment by SEBI included changes to which of the following definitions?
What is the purpose of the National MSME Council recently set up by the Ministry of Micro, Small and Medium Enterprises, Government of India?
World Television Day is celebrated on ?
Stressed assets of commercial banks worth _____________ have been identified to be taken up in the first phase by the NARCL.
Who has been appointed as the executive director by the Reserve Bank of India & will oversee the Department of Economic and Policy Research?
What is India’s rank in Global Unicorn Index 2021?
Under the New Education Policy, which language has been included as the 9th classical language of India?
Recently Former Japan PM Shinzo Abe was shot dead. How many times he had served as the Prime minister of Japan?
Which condition must be met by custodian banks to issue IPCs, according to the revised RBI guidelines?
