Question

how are the non banking financial institutions different from the banks ? Guys plz answer in brief​

Answer 1

Answer:

Hope it will help you

Explanation:

Answer 2

Explanation:

NBFCs caannot accept deposits while banks accepts deposits.

.NBFCs do not form part of paymemt and settlement system and cannot issue cheques drawn on itself while banks can perform this function.

Deposit insurance facility of Deposit insurance and credit guarantee corporation is not available to depositors of NBFCs unlike in case of banks.