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TYPES OF FINANCIAL INSTITUTIONS PowerPoint Presentation
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TYPES OF FINANCIAL INSTITUTIONS

TYPES OF FINANCIAL INSTITUTIONS

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TYPES OF FINANCIAL INSTITUTIONS

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  1. TYPES OF FINANCIAL INSTITUTIONS

  2. Commercial banks

  3. These are represented by group of societies registered under the act of the states relating to co-operative societies Co-operative banks

  4. Set up in India since British days. • These are the banks which are registered outside India but have their operations and branches in India. • Example : Barclays bank, CITI bank etc. Foreign Banks

  5. Forefathers of modern commercial banks. • Local bankers. • Raise the funds from the public and lend it also. • E.g.GujratiShroffs or Marwari, in South India they may be called Chettiars, In North India they may be called Sahukars etc. • Provide finance for productive purposes to trade, industries and agriculturalists. Indigenous bankers

  6. Depend entirely on their own funds for the working capital. • May be rural or urban, professional or non-professionals. The main characteristics of money lenders are: • They use their own funds • Their clients are mainly the weaker sections of the society. • Their loans are highly exploitative because they charge high rate of interest. • Their operations are highly regulated. • The credit is prompt and flexible. Money lenders

  7. Financial institutions set up for the development of the economy. • Provide medium to long term funds so as to meet long term growth of the nation. • E.g. IDBI, SIDBI etc. Development Finance Institutions

  8. Includes those financial institutions which mobilize savings of the public at large and invest in corporate and government securities. • These include: LIC, GIC, etc. Investment Institutions

  9. These include NBFCs providing whole range of financial services. • The principal business is receiving of deposits under any scheme or arrangement in any manner or lending in any manner. • E.g. hire purchase companies, investment companies etc. UNORGANIZED FINANCIAL INSTITUTIONS