Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowA 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 of the following statements is true regarding Telangana's state budget for FY 2024-25 presented in July 2024?
A.Deputy Chief Minister Mallu...
Who is set to become Britain’s next Prime Minister, according to recent information?
What was the unique achievement of India’s Chandrayaan-3 Mission commemorated by declaring August 23 as National Space Day?
Which bank has joined forces with the NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) to initiate the “ACE Banker Program”?
Which of the following projects did RECPDCL hand over Special Purpose Vehicles (SPVs) for?
The Bureau of Indian Standards (BIS) recently formulated the Indian Standard ‘IS 14756:2022’ for which product to conform to national quality standa...
How much did India's net tax receipts grow by July 11, 2024?
Which country was elected to chair the UN Commission on the Status of Women (CSW) despite criticisms of its women's rights record?
How many crore new jobs were added in India in 2023-24 according to RBI's KLEMS data?
According to the Ministry of Statistics and Programme Implementation, India's Index of Industrial Production (IIP) grew by 4.2% in June 2024. Which sect...