Meet.aseem23
Management Trainee
Indiranarayana
Senior Financial Data Analyst
Mahajananiket
Education

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Hi everybody, I am aniket currently doing project in NBFC. I want to know difference between banking finance and NBFC finance. Is there any strong difference between them? thanks
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The distinction between banks and NBFCs has been gradually getting blurred, both offering the same spectrum of services; the only exception being the exclusive privilege of commercial banks in th field of accepting deposits repayable on demand.
Nowdays, NBFCs are prominent in a wide range of activities like hire puchase finance, equipment lease finance, consumer finance where there is a high gap between the demand and supply of funds and establihed banking enttites are not accessible to the borowers......The importance of NBFCs lies in delivering credit to unorganised sector and to the small borrowers.
With regards
Aseem Srivastava
There are different types of institutions involved in financial services. These include commercial banks, development financial institutions (DFIs) and non-banking finance companies (NBFCs). Unlike DFIs e.g. ADBP and PICIC, that have a specified objective at priority besides efficient business conduct, NBFCs are formed purely with the commercial objectives. NBFCs provide range of financial services to their clients. Types of services that fall under the domain of non-banking finance services include the following;
1. Investment Finance Services
2. Investment Advisory Services
3. Asset Management Services
4. Venture Capital Services
5. Leasing Services
6. Housing Finance Services
7. Discounting Services
8. Any other form of business activities which the Federal Government may, by notification in the official gazette, specify from time to time
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