1. Recently Mickey & Donald, the two iconic cartoon characters from the house of Walt Disney were spotted discussing something very unusual. The excerpts of their conversation are given as under: Mickey - Donald, the whole world is in the grip of recession. Even we are also feeling it’s pinch. Our management is saying that our contribution to their top line has declined by 24% in the last quarter. Its an alarming signal for us. Donald - Also most of our shows have gone off air now. It’s a big question now that what shall we do to safeguard our future? Mickey - I think it’s high time that we should step out of our comfort zone and try our luck outside the Disneyland. I am planning to move to India to pursue a career in Finance because it is said that countries like China & India are best equipped to handle this crisis. In China we will face the language problem so India will be our best bet. Donald - But I don’t have any knowledge in this domain. Mickey - Don’t worry Donald, I will teach you everything before you enter the rat race. Donald- Then, I am also ready to start now.

3. Thanks Mickey! Now I have understood the three basic traits of an NBFC.

4. DISTINCTION BETWEEN A BANK & AN NBFC

6. Now I have got to know the distinguishing features of an NBFC and a Bank

8. Scheduled Banks in India Scheduled Commercial Banks(217) Scheduled Co-operative Banks(70) Public Sector Banks(27) Private Sector Banks(30) Foreign Banks in India(40) Regional Rural Banks(196) Scheduled Urban Co-operative Banks(52) Scheduled State Co-operative Banks(16) Nationalized Banks(19) State Bank of India & its Associates(8) Old Private Sector Banks New Private Sector Banks Schedule Banking Structure in India (As on March 31, 2002)

11. That’s enough for this session. Now I will conduct a small quiz to test whether you are ready to move ahead or not.

16. Best Regards, Saurabh