Q. The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994] (Solved)
1. a bank interacts directly with customers while an NBFI interacts with banks and governments
2. 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
3. a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
4. a bank's main interest is to help in business transactions and saving/investment activities while an NBFl's main interest is in the stabilisation of the currency
- b. 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