10004.00 Indian Rupee ₹ Differences between bank and financial institutions New York City
- Location: New York City, New York City, NY
To fully understand the differences between banks and other financial institutions, let's first discuss the meaning of a financial institution. You can think of this term as an umbrella covering many businesses and organizations, including banks. In general, financial institutions can be divided into two groups: non-banking financial institutions and banking financial institutions. The first group consists of various institutions, including leasing companies, investment banks, financial firms and insurance companies. Banking financial institutions, on the other hand, include banks whose main purpose is to provide loans and accept deposits. We can take a closer look at both categories. https://www.confiduss.com/en/info/blog/article/bank-financial-institution-comparison/
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