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Which advantages do NBFCs have over traditional banks?
  • a)
    Higher operating costs and regulatory requirements.
  • b)
    Global expansion opportunities.
  • c)
    More advanced and customized financial products and services.
  • d)
    Lower operating costs and regulatory requirements.
  • e)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which advantages do NBFCs have over traditional banks?a)Higher operati...
Compared to traditional banks, NBFCs have lower operating costs and regulatory requirements. This allows them to operate with greater efficiency and profitability. The reduced regulatory burden enables NBFCs to offer more flexible and innovative financial products and services, particularly benefiting those who are underserved or unbanked by the formal banking sector.
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Which advantages do NBFCs have over traditional banks?a)Higher operating costs and regulatory requirements.b)Global expansion opportunities.c)More advanced and customized financial products and services.d)Lower operating costs and regulatory requirements.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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