Which one of the following is an example for Non-Banking Financial institution ?.

[ A ]    SBI
[ B ]    IOB
[ C ]    RBI
[ D ]    LIC right
Answer : Option D
Explanation :
A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. LIC is an example for Non- Banking Financial intitution.

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