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The difference between a bank and a Non- Banking Financial Institution (NBFI) is that
A bank interacts directly with customers while an NBFI interacts with banks and governments
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.
A bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
A bank’s main interest is to help in business transactions and savings/ investment activities while an NBFI’s main interest is in the stabilisation of the currency
By: Kamal Kashyap ProfileResourcesReport error
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