Understand the fundamental difference between NBFCs and banks with a clear, simple explanation. Discover the NBFC full form—Non-Banking Financial Company—and explore how these institutions operate. Learn about their key functions, including lending, asset financing, and investment services, and how they differ from traditional banks in terms of regulations, deposit acceptance, and services. This guide helps you grasp how NBFCs play a vital role in the financial system alongside banks. Read Full Blog - https://www.mymudra.com/blog/what-is-the-difference-between-nbfc-and-bank