India’s Financial Sector.. (Part II)

NBFI comprises of All India financial institutions (AIFIs), Non-banking finance companies (NBFCs) and primary dealers (PDs). AIFI, currently only four in operations, largely provide long term sector specific financing. NBFCs specialize in meeting the financing needs of niche areas such as hire/purchase, commercial vehicles etc. NBFCs are categorized into two types – deposit-taking NBFCs (NBFCs-D), which are allowed … Continue reading India’s Financial Sector.. (Part II)
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India's Financial Sector – Understanding the structure.. (Part I)

The role of financial sector in the development of any economy is undebatable. This is even more critical in socialistic economies like India where sector functions with multiple objectives including financial inclusion, that being the reason for nationalisation of banks in 1970s. However, the structure of the sector has become complex over last few decades … Continue reading India's Financial Sector – Understanding the structure.. (Part I)
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