Question
Which of the following is one of the major differences
between an NBFC & a Bank?Solution
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.
What is the key real time field data provided by the AI equipment?
What challenges can be addressed by the development of tourism, according to the African governments and development organizations?
What stops the desert floras performing their duty well?
What led to the origination of the wells?Â
The Army too opposed the embankment, saying it will pose hurdles for their forward movements during military operations.
After deciding to leave interest rates unchanged and retain the RBI’s accommodative policy stance, what position do the policymakers think they ar...
Why did the other judges possibly revolt against the CJI according to the passage?
What is the purpose served by the expansion of solar power capacity?
What has increased because of new opportunities presented by Africa’s emerging markets?
Directions: Four statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent parag...