BANKING AFFAIRS

Detailed explanation-1: -Notes: An investment company is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities.

Detailed explanation-2: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.

Detailed explanation-3: -By comparison, financial investments include stocks, bonds, mutual funds, among other assets, as well as economic investments like land, buildings and more real assets.

Detailed explanation-4: -As per extant guidelines NBFCs with asset size of ₹ 1, 000 cr and above are permitted to participate in IRF as trading members.