Which among the following entities other than banks is/are permitted by RBI to accept deposits and lend money? a. Co-operative Credit Societies b. NBFC
Question
Solution 1
The Reserve Bank of India (RBI) permits both Co-operative Credit Societies and Non-Banking Financial Companies (NBFCs) to accept deposits and lend money.
Here's a step-by-step explanation:
- Co-operative Credit Societies: These are financial institutions where members are both the owners and the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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