Indian Economy MCQ: The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994] | Extra Education

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The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]

Correct Answer: a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is , mainly concerned with the term loan needs of large enterprises

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