Daffodil International University

Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: hassan on April 22, 2012, 08:00:25 PM

Title: Difference between bank and nonbanking financial institution
Post by: hassan on April 22, 2012, 08:00:25 PM

A Bank is an organization that accepts customer cash deposits and then provides financial services like bank accounts, loans, share trading account, mutual funds, etc.

A NBFC (Non Banking Financial Company) is an organization that does not accept customer cash deposits but provides all financial services except bank accounts.

a) A bank interacts directly with customers while an NBFI interacts with banks and governments

(b) 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

(c) A bank deals with both internal and international customers while an NBFI is mainly concerned with the
finances of foreign companies

(d) A bank's man interest is to help in business transactions and savings/ investment activities while an
NBFI's main interest is in the stabilization of the currency

Title: Re: Difference between bank and nonbanking financial institution
Post by: tree on June 27, 2012, 03:55:14 PM

Thank you sir for your potential post