Differences Between Banks and NBFC’s

A country can’t function efficiently without having in place, a sound, and effective banking system.  India is currently pegged as the fastest-growing trillion-dollar economy in the world while also being ranked as the sixth-largest. As per the International Monetary Fund (IMF) projection, India is poised to become the fifth-largest economy overtaking the United Kingdom in 2019. In addition, the Indian banking sector is also on course to become the fifth largest by 2020 – as per a report published by KPMG-Confederation of Indian Industry (CII). (more…)