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Aadhaar_Act_2016_as_amended.pdf
547.3 KB
Aadhaar_Act_2016_as_amended.pdf
▪️Difference between banks and NBFCs :
✅NBFCs business activities are akin to that of banks as they can lend & make investments
✅NBFCs cannot accept demand deposits
✅They cannot issue cheques as they do not form part of the payment & settlement system.
✅Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks
✅NBFCs business activities are akin to that of banks as they can lend & make investments
✅NBFCs cannot accept demand deposits
✅They cannot issue cheques as they do not form part of the payment & settlement system.
✅Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks
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