Banking · Financial Institutions
Which of the following is a key operational difference between Non-Banking Financial Companies (NBFCs) and commercial banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NBFCs do not form part of the payment and settlement system✓
- 2NBFCs are exclusively regulated by SEBI
- 3NBFCs primarily accept demand deposits
- 4NBFCs can issue cheques drawn on themselves
Correct answer
NBFCs do not form part of the payment and settlement system
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