NBFC's Vs BANKS

Basis:
*DD
Cannot accept all deposits Accept all types of deposits
*Deposit and Insurance
No deposit insurance Covered under RBI Insurance scheme
*Payment and Settlement System
Cannot avail the payment and settlement Banks are supported by the payment
and settlement system(Ex:RTGS,NEFT)
system.
*Foreign Investment
Allowed upto 100 percent Allowed upto 74 percent
*Cash Reserve Ratio
Not applicable Applicable to banks
*CRAR(Credit Risk Asset Ratio)
15% of CRAR for deposit undertaken by Applicable in banks
the NBFC's
*SLR(Statute and Liquidity Ratio)
15% applicable Applicable in banks
*Incorporation
By Companys Act mainly Under Banking Regulation Act