Difference between merchant banks and NBFCs
This query is : Resolved
LATHA RAMESH
(Querist)
07 August 2008
What is the relation between Merchant banks and Non-Banking Financial Comapnies?
Are they one and the same?
Are they one and the same?
GIRISH KUMAR MITTAL
(Expert)
07 August 2008
Merchant Banks generally involved in the issue of shares undertaking various responsibilities , while NBFC's are just like bankes who provide finance to the undertakings for their requirements.But NBFC's faces some restrictions vis-a-vis banks in terms of deposit etc.
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