A basic definition of finance is a branch of economics that deals with resource management.

In simple laymans terms, finance is any area of study that helps you get, manage or invest your money. There is business finance, investment finance, home finance, car finance and many other types. However, for most people managing their own money, personal finance, is the most important type of finance.

Banks Stock Brokerage Firms Non Banking Financial Institutions Building Societies Asset Management Firms Credit Unions Insurance Companies

Business finance company Mortgage finance company Car finance company Personal finance company Personal loan finance company Home finance company Corporate finance company

Functions of Financial Institutions Valuing Financial Institutions Banks Credit Unions Financial Institutions Ratings Financial Institution Security Regulations of Financial Institutions Financial Institution Marketing Financial Institutions Management Financial Institution Compliance

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: NBFCs are doing functions akin to that of banks, however there are a few differences: (i) a NBFC cannot accept demand deposits; (ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and (iii) deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.

>ONLY BANKS ISSUE AND PAY CHEQUES >ONLY BANK CAN USE THE TERM 'BANK OR BANKER' WITH ITS NAME >BANKS ARE UNDER THE CONTROL OF RBI >THE PORTFOLIO OF BANKS ARE a)LIQUIDITY b)SAFETY c)PROFITABILITY adv.BANKS ARE MORE SAFE...THEY HONOUR CHEQUES BANKS RECEIVE SUPPORT FROM RBI IN CASE OF A CRISIS