NBFC vs Bank

NBFC is a financial institution that caters to the needs of the unorganized sections of the society by providing them loans and advances. They provide services similar to a bank but do not require a banking license for it. NBFCs are regulated under the Companies Act 2013 & RBI Act, 1934 whereas Banks are regulated under the Banking Regulations Act, 1949. Banks do require a valid banking license to continue with its services whereas an NBFC has to obtain an NBFC license. https://corpbiz.io/nbfc-registration

NBFC vs Bank

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