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Financial Institutions In India

Financial Institutions

Financial institutions are the major part of the Indian financial system. Hence, it is more importance than other component of the 1FS because all the components of IFS are directly or indirectly related with the financial institutions. Financial institutions are providing various services to the economic development with the help of issuing of the financial instruments.

[Post Image Courtesy of JimboPhoto at FreeDigitalPhotos.net]

Financial institutions can be classified into banking and non-banking institutions. Now in India, all the financial institutions are systematically regulated and controlled by respective act.

The Banking financial institutions consists of commercial banks and cooperative banks while the non-banking institutions comprises of the non-banking financial institutions and the non-banking non-financial institutions.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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