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May 6th, 2016, 09:29 AM
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Join Date: Mar 2012
Re: Financial Institutions

The Financial Institutions in India mainly comprises of the Reserve Bank of India, the commercial banks, the credit rating agencies, the securities and exchange board of India, insurance companies and the specialized financial institutions in India.

Reserve Bank of India:

The Reserve Bank of India was established in the year 1935.
The bank acts as the regulatory authority with regard to the functioning of the various commercial bank and the other financial institutions in India.

Commercial Banks in India:

The commercial banks in India are categorized into foreign banks, private banks and the public sector banks.

Credit Rating Agencies in India:

The credit rating agencies in India were mainly formed to assess the condition of the financial sector and to find out avenues for more improvement.
The two most important credit rating agencies in India are:

CRISIL
ICRA

Securities and Exchange Board of India:

The securities and exchange board of India was established in the year 1992 in order to protect the interests of the investors and to facilitate the functioning of the market intermediaries.

Insurance Companies in India:

The insurance companies offer protection against losses.
They deal in life insurance, marine insurance, vehicle insurance and so on.

Specialized Financial Institutions in India:

The specialized financial institutions in India are government undertakings that were established to provide assistance to the different sectors and thereby cause overall development of the Indian economy.
The significant institutions falling under this category includes:

Board for Industrial & Financial Reconstruction
Export-Import Bank Of India
Small Industries Development Bank of India
National Housing Bank


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