Finance Companies in India: The financial system of a country greatly influences the economy of the country. India’s financial system and finance companies have brought success to the country’s economy, making India an increasingly important player in the global financial sector. In India, there is a division between regulatory institutions and intermediary institutions in the infrastructure of India’s financial system.
The regulatory institutions serve to govern the rest of India’s financial system, and to maintain and provide for the national interest in the operations of all other financial institutions of India. The intermediary institutions are subsequently divided into banking and non-banking institutions. The Indian government has set up the country’s financial sector with the aims of strengthening the banking system, cultivating government and corporate debt markets, and continuously supporting, encouraging, and augmenting the regulation and supervision of India’s financial system as a whole. Constant efforts are being made to make banking available throughout India, as well as to provide auxiliary financial services to those who would like them.
The banking institutions are a driving force behind the Indian economy, which is the second fastest big emerging economy in the world. Banking financial institutions provide depository and transaction services to clients, as well as loans and other credit services.
Another group of financial institutions in the Indian system provide specialized services. Such specialized services include but are not limited to insurance, housing financing, mutual funds, credit reporting, and debt collection companies. Stock brokers, portfolio managers, investment advisors, and other individuals working in India’s financial system can provide additional support to those looking to invest and otherwise manage funds.
- SBI Capital Markets Limited
- PNB Housing Finance Limited
- PNB Gilts Limited
- Bajaj Capital Limited
- DSP Merrill Lynch Limited
- Birla Global Finance Limited
- Housing Development Finance Corporation
- ICICI Group
- ICICI Markets
- Karvy Group
- SVB India Finance
Last updated: December 12th, 2013
