Regulatory

The regulators are assigned with the job of governing all the divisions of the Indian financial
system. These regulatory institutions are responsible for maintaining the transparency and the
national interest in the operations of the institutions under their supervision.

Ex: Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Central Board
of Direct Taxes (CBDT), Central Board of Excise & Customs.

Intermediaries/Financial Institutions:

These institutions collect and provide funds for the necessary sector or individual. On the other
hand, there are several institutions that act as the middleman and join the deficit and surplus
units.

Ex: Banks, Stock Brokerage Firms , Non Banking Financial Institutions , Building Societies ,
Asset Management Firms , Credit Unions , Insurance Companies.

1) Non Financial Banking Institutions:

It is financial institution that does not have a full banking license or is not supervised by a national or
international banking regulatory agency. NBFIs facilitate bank-related financial services, such as
investment, risk pooling, contractual savings, and market brokering.

Ex: Insurance firms, pawn shops, cashier's check issuers, check cashing locations, currency exchanges,
and microloan organizations.

i) NBFC: NBFC’s are financial institutions that provide banking services, but do not hold a banking
license. These institutions are not allowed to take deposits from the public. Nonetheless, all
operations of these institutions are still covered under banking regulations.  

Ex: Development finance institutions, Leasing companies, Investment companies, Modaraba

companies, House finance companies, Venture capital companies, Discount & guarantee houses.

ii) Developmental Financial Institution: The commercial banking network was expanded to cater
to the requirements of general banking and for meeting the short-term working capital requirements of
industry and agriculture.

Ex: SFC, IFCI, ICICI, HUDCO Ltd., REC Ltd., IRCI Ltd.

a) All India Financial Institution:

Ex: National Bank for Agriculture and Rural Development (NABARD) , Small Industries Development
Bank of India (SIDBI) , National Housing Bank (NHB), Unit Trust of India (UTI) ,Life Insurance Corporation
of India (LIC) , General Insurance Corporation of India (GIC), Industrial Development Bank of India (IDBI)
Industrial Finance Corporation of India (IFCI), Export - Import Bank of India (Exim Bank).
b) State Level Financial Institution:

1. State Financial Corporations (SFCs)

 Rajasthan Finance Corporation (RFC)

 Tamil Nadu Industrial Investment Corporation Limited

 Uttar Pradesh Financial Corporation (UPFC)

 Delhi Financial Corporation (DFC)

2. State Industrial Development Corporations (SIDC)

 Andhra Pradesh Industrial Development Corporation Ltd (APIDC)

 Bihar State Credit and Investment Corporation Ltd. (BICICO)

 Chhattisgarh State Industrial Development Corporation Limited (CSIDC)

 Goa Industrial Development Corporation

3. State Industrial Investment Corporations (SIIC)

c) Investment institutions
1. Unit Trust of India (UTI)
2. Life Insurance Corporation of India (LIC)
3. General Insurance Corporation (GIC)

2) Banking:

i)Scheduled commercial:

Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve
Bank of India (RBI) Act, 1934.[1] RBI in turn includes only those banks in this schedule which satisfy the
criteria laid down vide section 42 (6) (a) of the Act.

a) Public: It is the one in which the govt. of india holds a majority stake.

Indian overseas bank, state bank of india, Andhra bank, Punjab national bank, Indian bank,canara
bank,UCO bank,Dena bank, Vijaya bank,Central bank of india,Syndicate bank.

b) Private: Private banks are banks that are not incorporated. A private bank is owned by either an
individual or a general partner(s) with limited partner(s).
  ING Vysya Bank Ltd
 Axis Bank Ltd
 Indusind Bank Ltd
 ICICI Bank Ltd
 South Indian Bank
 HDFC Bank Ltd
 Centurion Bank Ltd
 Bank of Punjab Ltd
 IDBI Bank Ltd
 Jammu & Kashmir Bank Ltd.

c) Foreign banks: They tend to increase the efficiency of the local banking system, bring in more
sophisticated financial services and have the ability to nurse weak banks back to health.

 American Express Bank Ltd.

 ANZ Gridlays Bank Plc.
 Bank of America NT & SA
 Bank of Tokyo Ltd.
 Banquc Nationale de Paris
 Barclays Bank Plc
 Citi Bank N.C.
 Deutsche Bank A.G.
 Hongkong and Shanghai Banking Corporation
 Standard Chartered Bank.
 The Chase Manhattan Bank Ltd.
 Dresdner Bank AG.

d) Regional Rural banks: The RRBs mobilize financial resources from rural / semi-urban areas and grant
loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans.

Andhra Pradesh Grameena Vikas Bank

Baroda Gujarat Gramin Bank

Madhya Bihar Gramin Bank

Karnataka Vikas Grameena Bank

Krishna Grameena Bank

Kisan Gramin Bank

Deccan Grameena Bank

Chaitanya Godavari Grameena Bank

ii) Co-operative banks: They provide services such as savings and loans to non-members as well as to
members, and some participate in the wholesale markets for bonds, money and even equities.

Ex: Andhra Pradesh Mahesh Co-Op Urban Bank Ltd., Charminar Coop.Urban Bank Ltd., Sapthagiri Coop.
Bank , Vasavi Coop Urban Bank LImited.

Amanath Co-operative Bank Ltd., Bangalore City Cooperative bank.

Bombay Mercantile Co-operative Bank Limited., Bharat Co-operative Bank (Mumbai) Ltd., Greater
Bombay Co-operative Bank Limited.

Cosmos Co-operative Urban Bank Ltd., Janata Sahakari Bank Ltd., Rupee Co-operative Bank Ltd.