The conversation between human and AI assistant.
What is the difference between the NBFC-D and a bank?
Can you tell me what is the difference between the NBFC-D and a bank?
Sure, an NBFC-D is a non-banking financial company that is allowed to accept deposits from customers, but cannot issue cheques and demand drafts. On the other hand, a bank can also accept deposits and issue cheques and demand drafts.