In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?

Related MCQs

• When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ?
• Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
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• Banking sector comes under which sector?
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• has been declared the first ‗total banking state‘ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
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• A worldwide financial messaging network which exchange messages between banks and financial institutions is known as-