Question : Which one is not included in Non-Banking Financial Institutions (NBFIs)?
Option 1: EXIM
Option 2: SIDBI
Option 3: NABARD
Option 4: BOI
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Correct Answer: BOI
Solution : The correct option is BOI .
Financial institutions that offer banking services without a banking license are known as Non-Banking Financial Institutions (NBFIs). It implies that they are unable to accept public deposits the way regular banks can. Instead, The Bank of India (BOI) is one of the oldest and largest commercial banks in India.
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