Optical Fiber and its Applications

Jun 21st, 2015
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Optical Fiber: An optical fiber (or fibre) is a glass or plastic fiber that carries light along its length. Fiber optics is the overlap of applied science and engineering concerned with the design and application of optical fibers.

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NON-BANKING FINANCIAL INSTITUTIONSWhat is non-banking financial institution?Anon-bank financial institution(NBFI) is afinancial institutionthat does not have a fullbankinglicense or is not supervised by a national or international banking regulatory agency.NBFIs supplement banks by providing the infrastructure to allocate surplus resources to individuals and companies with deficits. Additionally, NBFIs also introduces competition in the provision of financial services. While banks may offer a set of financial services as a packaged deal, NBFIs unbundle and tailor these services to meet the needs of specific clients. Additionally, individual NBFIs may specialize in one particular sector and develop an informational advantage. Through the process of unbundling, targeting, and specializing, NBFIs enhances competition within the financial services industry.Difference of banking and non -banking financial institutions:Banking Institutions- corporations, companies or associations which are engaged in the lending of funds obtained from the public through the receipt of deposits and the sale of bonds, securities or obligations of any kind. Financial Institutions, Non-Bank- persons or entities whose principal functions include the lending, investing, or placement of funds or evidences of equity deposited with them, or otherwise coursed through them, either for their own account or for the account of others.The essential differences between banks and NBFIs can

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