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The regulators are assigned with the job of governing all the divisions of the Indian financial
system. These regulatory institutions are responsible for maintaining the transparency and the
national interest in the operations of the institutions under their supervision.
Ex: Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Central Board
of Direct Taxes (CBDT), Central Board of Excise & Customs.
Intermediaries/Financial Institutions:
These institutions collect and provide funds for the necessary sector or individual. On the other
hand, there are several institutions that act as the middleman and join the deficit and surplus
units.
Ex: Banks, Stock Brokerage Firms , Non Banking Financial Institutions , Building Societies ,
Asset Management Firms , Credit Unions , Insurance Companies.
It is financial institution that does not have a full banking license or is not supervised by a national or
international banking regulatory agency. NBFIs facilitate bank-related financial services, such as
investment, risk pooling, contractual savings, and market brokering.
Ex: Insurance firms, pawn shops, cashier's check issuers, check cashing locations, currency exchanges,
and microloan organizations.
i) NBFC: NBFC’s are financial institutions that provide banking services, but do not hold a banking
license. These institutions are not allowed to take deposits from the public. Nonetheless, all
operations of these institutions are still covered under banking regulations.
ii) Developmental Financial Institution: The commercial banking network was expanded to cater
to the requirements of general banking and for meeting the short-term working capital requirements of
industry and agriculture.
Ex: SFC, IFCI, ICICI, HUDCO Ltd., REC Ltd., IRCI Ltd.
Ex: National Bank for Agriculture and Rural Development (NABARD) , Small Industries Development
Bank of India (SIDBI) , National Housing Bank (NHB), Unit Trust of India (UTI) ,Life Insurance Corporation
of India (LIC) , General Insurance Corporation of India (GIC), Industrial Development Bank of India (IDBI)
Industrial Finance Corporation of India (IFCI), Export - Import Bank of India (Exim Bank).
b) State Level Financial Institution:
c) Investment institutions
1. Unit Trust of India (UTI)
2. Life Insurance Corporation of India (LIC)
3. General Insurance Corporation (GIC)
2) Banking:
i)Scheduled commercial:
Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve
Bank of India (RBI) Act, 1934.[1] RBI in turn includes only those banks in this schedule which satisfy the
criteria laid down vide section 42 (6) (a) of the Act.
a) Public: It is the one in which the govt. of india holds a majority stake.
Indian overseas bank, state bank of india, Andhra bank, Punjab national bank, Indian bank,canara
bank,UCO bank,Dena bank, Vijaya bank,Central bank of india,Syndicate bank.
b) Private: Private banks are banks that are not incorporated. A private bank is owned by either an
individual or a general partner(s) with limited partner(s).
ING Vysya Bank Ltd
Axis Bank Ltd
Indusind Bank Ltd
ICICI Bank Ltd
South Indian Bank
HDFC Bank Ltd
Centurion Bank Ltd
Bank of Punjab Ltd
IDBI Bank Ltd
Jammu & Kashmir Bank Ltd.
c) Foreign banks: They tend to increase the efficiency of the local banking system, bring in more
sophisticated financial services and have the ability to nurse weak banks back to health.
d) Regional Rural banks: The RRBs mobilize financial resources from rural / semi-urban areas and grant
loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans.
Ex: Andhra Pradesh Mahesh Co-Op Urban Bank Ltd., Charminar Coop.Urban Bank Ltd., Sapthagiri Coop.
Bank , Vasavi Coop Urban Bank LImited.
Bombay Mercantile Co-operative Bank Limited., Bharat Co-operative Bank (Mumbai) Ltd., Greater
Bombay Co-operative Bank Limited.
Cosmos Co-operative Urban Bank Ltd., Janata Sahakari Bank Ltd., Rupee Co-operative Bank Ltd.