BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Banking Financial Companies
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Non-Banking Financial Companies
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Neo Banking Financial Confederation
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Non-Banking Fiscal Companies
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Detailed explanation-1: -Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups.
Detailed explanation-2: -Non Banking Financial Companies Depositors.
Detailed explanation-3: -FAQs on Difference Between a Bank and NBFC The difference between a bank and NBFC is that a bank is a government-authorized entity that provides banking services to the people, whereas NBFC is a company providing banking services to the people without holding a bank license.
Detailed explanation-4: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.