what is difference between NBFC and banking ?

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.br /br /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.br /br /No NBFC experience can not be considered as Banking experience.