Banking license Guide, Meaning , Facts, Information and Description
A banking license is a prerequisite for a financial institution that wants to provide banking services. Under most jurisdictions the fundamental banking activities, such as taking deposits from the general public are exclusive to holders of a banking license.However some banking services may be provided without meeting the legal definition of a bank, not holding a banking license. Such an institution is generally referred to as a non-bank.
See also: Finance
This is an Article on Banking license. Page Contains Information, Facts Details or Explanation Guide About Banking license