NBFC (Non-Banking Financial Company) offers financial services but can't accept demand deposits. Banks are regulated institutions that provide a wider range of services, including accepting deposits and granting loans. Difference Between NBFC and Bank ...
While banks and non-banking financial companies (NBFC) both are key financial intermediaries, that offer almost similar services to the customers. The major difference between NBFC and bank is that unlikebanks, anNBFCcannot issue self-drawn cheques and demand drafts. Another important point of dist...
After reviewing the above points, it is quite clear that banks and credit unions are different. While the former provides a variety of financial products and easy access to ATM’s, the latter offers better rates for savings and checking. So, if you want to make a choice between these two ...
SBI State Bank of India, on the other hand is a people’s bank that has won the trust and faith of millions across the country. Whereas RBI is the banker to SBI and all other banks, SBI is the banker to the average Indian. It provides all banking facilities in accordance with the ru...
The banks act as an intermediary between the depositors and borrowers. It pays interest to the depositors on the funds deposited at a low rate and lends them to the borrowers at a high rate of interest, depending on the risk factor involved. In this way the commercial bank makes money. ...
The primary difference between loans and advances, in banks is that Loans are the source of long-term finance while the Advances are granted by the banks to meet short-term financial requirements