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Must watch before taking any kind of Loan. This video will help in selecting bank for MSME Loan, Home Loan, Personal Loan and all other from Natianlised Bank, NBFC, Private Bank, and Private financier .

NBFC
1. A government authorised financial intermediary that aims at providing banking services to the general public is called the bank. An NBFC is a company that provides banking services to people without holding a bank license.

2. An NBFC is incorporated under the Indian Companies Act, 1956 whereas a bank is registered under Banking Regulation Act, 1949.


3. NBFC is not allowed to accept such deposits which are repayable on demand. Unlike banks, which accepts demand deposits.

Nationalized Banktional
Sl No Nationalized Bank NBFC
1 Government authorized, Controlled with bank License Without holding a bank license
2 Registered under Banking Regulation Act, 1949 NBFC is incorporated under the Indian Companies Act, 1956
3 Allowed to accept such deposits from Public Not allowed to accept deposits from Public



• Details of public sector banks in india
o Punjab National bank
o Indian bank
o State Bank of India
o Canara Bank
o Union Bank Of India
o Indian Overseas Bank
o UCO Bank
o Bank Of Maharashtra
o Punjab And Sind Bank
o Bank Of India
o Central Bank Of India
o Bank Of Baroda

Controlled By State or Central Govt
Private Bank
List of Private Banks in India 2021
• Axis Bank.
• Bandhan Bank.
• CSB Bank.
• City Union Bank.
• DCB Bank.
• Dhanlaxmi Bank.
• Federal Bank.
• HDFC Bank.