what is difference between NBFC and banking ?

Is NBFC experience is consider as banking related experience ???

Your Answer

There is a completee difference between NBFC and a Bank as the Bank has got a regulatory icence to do banking business of complete banking products viz. retail banking CASA, Loans, Corporate banking, Credit cards, etc.from the regulatory authority RBI in INDIA. eg: Any PSB or private Bank like SBI, ICICI etc.

While RBI give to certain organisations licence to do lending business only and these entities cannot conduct general banking business on a day to day basis as they are not eligible for the same. eg: Any Housing finanace company like LIC HF, PNB HF etc.

No NBFC experience can not be considered as Banking experience.

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