The toughest part of an individual’s professional career is probably facing an interview. Personal Interview (PI) is the only opportunity for an aspirants like YOU have to show your prospective colleague what you can do and how good you are. Outshining an umpteen number of experienced candidates for a bank job (Officer or Clerical Post) can be a daunting task, especially for a first-timer. Nevertheless, with information as your weapon and a tinge of confidence, you can ace the interview and acquire a Bank (PO/Clerk) job you want.
Non Banking
Financial Companies (NBFC)
NBFCs are financial institutions that provides almost similar banking
services (like providing loans and credits) but doesn't possess banking
license. So there are some limitation / restriction in its services.
NBFCs are registered under the Companies Act, 1956, whereas banks are
regulated under Banking Regulation Act, 1949.
Differences between a Bank and
an NBFC
- It cannot accept Demand
Deposits from public. If someone want to invest in an NBFC, it
could have some maturity (like happens in time deposits). Though
some special permission is given to LIC and GIC by
RBI. These two NBFC can take demand deposits.
- It is not a part of the Payments and Settlement System of India.
- It cannot issue cheques drawn
on itself.
- Deposits are not insured or covered under Deposit Insurance and Credit Guarantee Corporation (DICGC), which generally covers the bank accounts.
