What Are the Key Differences Between Banks and NBFCs in India?
India’s financial ecosystem spearheads with a varied melange of institutions, primarily inclusive of Banks and Non-Banking Financial Companies (NBFCs). However, many people are unaware of the primary difference between banks and NBFCs, despite their fundamental role in India’s fiscal and credit structure. For a holistic understanding of the intricate financial web, it becomes imperative to differentiate these institutions.
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