Which one is not included in Non-Banking Financial Institutions (NBFIs)?
BOI
Non-Banking Financial Institutions (NBFIs) are financial entities that do not have a full banking license and are not allowed to take deposits from the public. Their primary roles include providing specialist services such as credit facilities, investment, risk pooling, and financial consultancy, to name a few. They often serve niche markets or areas underserved by traditional banks.
In this context, we need to identify which entity among the options is not an NBFI.
Let's examine the options:
- EXIM (Export-Import Bank of India): An NBFI, primarily focuses on financing and facilitating exports and imports in India.
- SIDBI (Small Industries Development Bank of India): An NBFI, focuses on developing and promoting small industries in India.
- NABARD (National Bank for Agriculture and Rural Development): An NBFI, primarily aims to finance and support rural development and agriculture in India.
- BOI (Bank of India): A full-fledged bank and not an NBFI. It accepts deposits and offers a range of banking services.
Based on this analysis, the entity Bank of India (BOI) is not included in Non-Banking Financial Institutions (NBFIs) since it operates as a traditional banking institution.
Therefore, the correct answer is: BOI.
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