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Is quasi bank governed by rbi

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11y ago

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Is riddance a quasi bank?

now riddance has opened a quasi bank


Is Riddance Quasi Bank Registered by RBI?

No


What type of bank is riddance quasi bank?

A "quasi bank" typically refers to a financial institution that operates similarly to a bank but does not hold a full banking license or engage in all traditional banking activities. These institutions often provide services like lending, investment, and financial advisory but may be subject to different regulatory standards compared to conventional banks. Riddance quasi bank, as a specific entity, is not widely recognized, so it may refer to a fictional or niche institution.


Is riddance bank registered by rbi?

No


What is the quasi bank?

from what I've learned from law, quasi means "as if" so if you put that first word (quasi) to other it means almost but not exactly same. quasi- combining form meaning "resembling," "having some, but not all of the features of," used in the formation of compound words: a quasi contract, an implied contract, an obligation which has arisen from some act, as if from a contract; a quasi corporation, a body that has some, but not all, of the peculiar attributes of a corporation; a quasi argument, that which resembles, or is used as, an argument; quasi historical, apparently historical, seeming to be historical. so if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a group) who has agree/join on this agreement. as if a bank, but not the one honored to do business for public.


How do you open a quasi bank?

iam moving to the philippines from the usa and i have wells fargo bank


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