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Group Members Name Akshay Rastogi (05) Ashish Khare (09) Kunwar Faizan (16) Rajesh Gangwani (26)

Bratati Goswami (127)

Introduction

An institution which collects funds from public and places them in financial assets ,such as deposits,loans & bonds rather than in tangible assets.

Types of Financial Institutions

Depository

NonDepository

Commercial banks

Saving Institutions

Credit Union

Finance Companies

Security Firms

Insurance Companies

Functions of Financial Institutions

Facilitates flow of money in the economy. Provides service as intermediaries of financial markets. Responsible for transferring funds from investors to companies. Risk transformation.

Importance

Plays crucial role in the development of enterprises. Act as a catalyst for promotion of investment. To provide short term as well as long term fund requirements.

Conclusion

Financial institution plays indispensible role for long term growth of the economy. .

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