How Is NBFC Different From a Bank?

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NBCFs and Banks both act as financial intermediaries and offer fairly similar services. But, there are many points of difference. There are very stringent licensing regulations for banks as compared to NBFCs. What is an NBFC? Principal business activities of a Non- Banking Financial Company consist of lending or financial leasing or hire purchase, accepting
pros and cons of 529 plan

Pros and Cons of 529 Plans: Should You Open One for College?

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The faster you can start planning for the cost of college, the better. In fact, parents with as little as $500 in a 529 college savings plan are four times more likely to see their child graduate from college, according to The Education Plan. With that said, a 529 plan isn’t the only option for

7 Reasons Why You Should Invest in a Fixed Deposit

If you’re thinking about investing in a fixed deposit, then you’re already on your way to securing your financial future. This is not just a smart move, but also a move where you can find a lot of returns for you. Investing through a fixed deposit scheme have become widely popular, since they are one

How Can Blockchain Increase Your Profit In Banking?

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Every industry is revolutionising by technology in the digital economy and has resulted in drastic changes. The banking industry is no different. Banks have successfully embraced the future of digitization. We are on the apex of a radical revolution and yet most are unaware. Even those individuals that appreciate the potential of blockchain technology often

Perks of Getting Personal Loans Online

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Personal loans are the prime way to get some immediate money at hand. There are many lending institutions and financiers who will provide with immediate financial assistance to genuine and potential loan applicants. These lenders provide such gratifying terms that the borrower is obligated to avail a loan with them. That said, these loans are

Which Factors Determine the Profitability and Liquidity of Banks?

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• INTRODUCTION: A commercial bank is a business entity that deals in banking with a view to make profits. Every commercial bank aims to make profits in such a way that it does not compromise on its objective of liquidity, which is vital for its own security and safety. • Meaning: Since a commercial bank
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