The Indian financial sector is experiencing rapid growth both in terms of a number of institutions and their diversity with several categories of new entities entering the market. The sector comprises:
- Various types of banks (public sector banks, private sector banks, foreign banks, cooperative banks – urban and rural, regional rural banks, payment banks, small finance banks etc)
- Various classes of non-banking financial companies (loan, investment, asset finance, microfinance, infrastructure, asset reconstruction, etc), insurance companies (life, general, health and reinsurance)
- Pension funds, mutual funds and other financial intermediaries that provide banking, insurance and financial services
- Teacher: ARTTA BANDHU JENA