MEANING OF NON - BANKING FINANCIAL INTERMEDIARIES
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A non-bank financial intermediary doesn't accept deposits from the general public. The intermediary may provide factoring, leasing, insurance plans or other financial services. Many intermediaries take part in securities exchanges and utilities long-term plans for managing and growing their funds.
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hey siso ❤❤here is ur answer ...
In Indian economy non banking financial intermediaries play a key role in the direction of saving and investment .It helps to bridge the credit gaps in several sectors, which the traditional banking institutions are unable to fulfill.... A non banking financial intermediaries doesn't accept deposits from the general public.
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