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Differences between commercial banks and non-bank financial institutions

Answer Text:
Differences between commercial banks and non-bank financial institutions:
-commercial banks give short-term loans while non-bank financial institutions offer medium and long-term loans.
-commercial banks offer current account while non-bank institutions do not.
-commercial banks offer all types of accounts while non-bank financial institutions offer only savings and fixed deposit accounts.
-commercial banks offer foreign exchange while non-bank financial institutions do not.
-commercial banks provide finance mainly for working capital while non-bank
institutions provide finance mainly for capital development.
-commercial banks finance is not restricted to any sector while non-bank financial institutions finances are restricted to particular sectors.