What services do NBFCs provide?

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What services do NBFCs provide?

What are the services provided by NBFCs?

  • loans and advances.
  • saving and investment plans.
  • credit facilities.
  • stocks.
  • acquisition of shares.
  • insurance business.
  • bonds hire-purchase.
  • chit fund business.

Which is not a service provided by NBFCs?

the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks. Thus, option 2 is the correct answer.

What are the main services offered by financial institutions?

Individual Banking—Banks typically offer a variety of services to assist individuals in managing their finances, including:

  • Checking accounts.
  • Savings accounts.
  • Debit & credit cards.
  • Insurance*
  • Wealth management.
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Which services are provided by RBI?

The primary objectives of RBI are to supervise and undertake initiatives for the financial sector consisting of commercial banks, financial institutions and non-banking financial companies (NBFCs). Some key initiatives are: Restructuring bank inspections. Fortifying the role of statutory auditors in the banking system.

What are the functions and objectives of IFCI?

The main objective of IFCI is to provide medium and long-term financial assistance to large-scale industrial undertakings, particularly in those circumstances in which banking accommodation is inappropriate or a resource to the capital market is impracticable i.e. finance could not be raised by the concerned issue of …

What are the services offered by banks Class 10?

Services of Banks

  • Advancements of loans.
  • Cheque payments.
  • Discounting on bills of exchange.
  • Collecting and paying the credit instruments.
  • Guarantee by banks.
  • Consultancy.
  • Credit cards.
  • Funds remittance.

What are the main functions of RBI?

Important Functions of RBI (Reserve Bank of India)

  • Issue of Bank Notes.
  • Banker to the Government.
  • Custodian of the Cash Reserves of Commercial Banks.
  • Custodian of country’s forex reserves.
  • Lender of last resort.
  • Controller of credit.
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What assistance and financial services are provided by IFCI to the industries?

Corporate Finance: IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure and regular Maintenance Capex.

What are the main resources of the IFCI?

Besides paid up capital and reserves, the other major sources of financial resources of IFCI are issue of bonds and debentures, borrowings, from the IDBI, the government and foreign loans.

What are the different services offered by banks?