Which of the following is one of the major differences between an NBFC & a Bank?
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.
Who has been appointed as mentor by Afghanistan cricket team for ICC Men's Cricket World Cup 2023?
Consider the following statements regarding the Central Information Commission:
1. It is constituted under the Right to Information Act, 2005
What is the chemical formula of “Chalk”?
On which date was the National Human Rights Commission of India constituted under the Protection of Human Rights Ordinance?
What is the headquarters of the International Organization for Standardization (ISO)?
To which country has China recently appointed its ambassador?
What is the allocation for agriculture and allied sectors in the Union Budget 2024-2025?
Which country invited India as an 'Outreach Country' to the G7 summit held in Italy's Apulia region?
Recently, which military station has become the second in the country to have a road made of plastic waste?
Which state recently launched an initiative to provide caste and income certificates to students within seven days?
