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BANKING V/S NON BANKING FINANCIAL INSITUTIONS

Created by : SUSHANT AWASTHI, Business Operations  | 05 02 2009 10:41:51 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : banking non banking financial insitutions
Activity:  347 views;  last activity : 07 06 2010 20:18:09 +0000

WHICH IS IMPORTANT AND HOW?

pls. give appropriate reason that why banking is Important and Why Non-Banking Financial Insitution is important and if both are not then why....

  
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Mr. Ahmed is totally right, both are very vital and the debate needs fine tuning?!
By pruthviraja pande, Film maker, Fascinations communications  | 12 16 2009 13:14:36 +0000
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The question is (WHICH IS IMPORTANT AND HOW?) while the two options available are (yes) and (no).

After adding (pls. give appropriate reason that why banking is Important and Why Non-Banking Financial Institution is important and if both are not then why....) by the poster, the comparison became unbalanced and the debate became illogical.

Anyway, BOTH banking financial institutions and non-banking financial institutions are important to the financial system.
By Ahmed Sultan, ITC, Airline Consultant  | 05 13 2009 09:20:55 +0000
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I feel that both have their own set of advantages.While you do not need to go through various formalities to get a loan from a non-banking financial institution but in case of banks..there is a certain procedure which is needed to follow to get the loan.But banks have a certain credibility associated with them with respect to the interest rates that they will be charging from the customers which is not the case with non-banking financial institutions as there are higher interest rates if one decides to borrow money from them.
By Jyoti Rath, Sr. Associate, Barclays  | 05 13 2009 08:34:54 +0000
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I THINK BANKING IS IMPORTANT
By SUSHANT AWASTHI, Business Operations  | 05 02 2009 12:16:56 +0000
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It seems that the debate needs more clarification.
The question is (WHICH IS IMPORTANT AND HOW?) while the two options available are (yes) and (no).
Does (yes) mean (important)? Similarly, does (no) mean (unimportant)?

Anyway, both banking financial institutions and non-banking financial institutions are important to the financial system.
By Ahmed Sultan, ITC, Airline Consultant  | 05 02 2009 11:58:56 +0000
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