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3.1 Financial Intermediaries - Coggle Diagram
3.1 Financial Intermediaries
5) Non-Banking Financial Company
Companies Act + RBI/SEBI/IRDAI +
Deposits(Only Time)
- Only in NBFC-Deposit-Taking (NBFC-D) e.g. Bajaj Finance + no DICGC + No Chequebook, Debit, Credit Card Issue (e.g. Bajaj-Finserv act as agent for RBL bank) + CRR - No + SLR - Only for NBFCD + Selective BASEL-III +
Share Mkt Investment - Yes + SARFAESI - Only to House Finance Companies
SEBI
Broker, MF, REITs, VCs etc
Other
IRDAI, PFRDA
RBI
Investment & Credit Company + Infra Company etc
Shadow Banking
partially/fully outside commercial banking and not fully RBI regulated
borrow from bank & issue commercial papers and bonds
1) House Finance e.g. DHFL 2) Retail NBFC - Gold Loan, Asset Finance etc
Islamic Banking - not in India
2) Commercial Banks
BRA 1949 + Regulator - RBI + Time & Demand Deposit(except PB) + DICGC + SARFAESI + CRR/SLR/BASEL III + PSL=40-75%(except PB) + Debit/Credit Card Issue + Investment in RBI approved securities only
Private
On Tap License, Large groups/NBFC >5KCr not allowed, 74% FDI by Govt approval
Foreign
On Tap License
Public
20% FDI by Govt approval
Differential
Local Area Bank
by Pvt under BRA in <=3 contiguous district(<=1 urban)
Small Finance Bank
10Y exp, >=100Cr, On tap, PSL=75%; >=25% Rural; for Farmers, MSME; upgrade to Commercial bank after 5Y
Payments bank
No FD/RD/NRI deposit,
only DD
& max balance/user=₹2L; invest in G-Sec/T-Bill/SCB only; No CC/PSL as no Loan
can apply for SFB after 5Y
Regional Rural Bank
(GoI + St + Sponser Bank), PSL=75%, few district, NABARD->RBI
Wholesale & Long Term Finance Banks
proposed for loan to large corporates, >=1000Cr, min 10Cr deposit
3) Cooperative Bank
Regulator - RBI/(RBI+State) + Time & Demand Deposit + DICGC + SARFAESI + CRR/SLR/BASEL III + PSL=UCB only + Debit/Credit Card Issue + Investment in RBI approved securities only + preferential borrowing
Urban Cooperative Banks - RBI regulate
can upgrade to SFB
Rural Cooperative Banks - RBI + St regulate
Long Term
Land Banks
Cooperative Agriculture & Rural Development Banks
Short Term
State Cooperative Bank
District Central Cooperative Bank
Primary Agricultural Credit Societies(not banks, Only State regulate)
4) Non-Banking FI
All India Financial Institutions - all
statutory
National Housing Bank
GoI 100%
Small Industries Development Bank of India
LIC, SBI etc
National Bank for Agriculture and Rural Development
GoI 100%
Export-Import Bank of India
GoI 100%
National Bank for Financing Infrastructure and Development (2022)
will give 5LCr loan for NIP via fund from RBI, Govt, WB etc
Primary Dealers
buy GSec from Primary and sell in 2*, total 21 by RBI
Development Finance Institutions
Medium/long term loans to industries + No to ordinary people deposits + other consulting service
e,g,
NaBFID
1) Read FI from Notes