Financial Institutions
February 21, 08 by FinanceTurfIn financial economics, a financial institution acts as an agent that provides financial services for its clients or members.
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Financial institutions generally fall under financial regulation from a government authority.
Financial institutions provide a service as intermediaries of the capital and debt markets.
They are responsible for transferring funds from investors to companies, in need of those funds.
The presence of financial institutions facilitates the flow of monies through the economy.
Some examples of financial institutions are – Export-Import Bank of India (Exim Bank), Industrial Development Bank of India (IDBI), Industrial Finance Corporation of India (IFCI), National Bank for Agriculture and Rural Development (NBARD), Reserve Bank of India, Small Industries Development Bank of India (SIDBI).
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