FINANCIAL SECTOR REFORMS
379
Financial Intermediaries
Banking
Intermediaries
Public Sector Banks, Private Banks, Foreign Banks, Cooperative
Banks
Development Financial Institutions
Non-Bank:
Financial Companies
Equipment Leasing, Hire Purchase Finance
Mutual Benefit Companies, such as
nidhi
and
chit
Funds
Mutual Funds (include UTI)
Insurance Funds (include LIC)
Pension Funds (include Employees Provident Fund Organization)
Capital Markets
Fixed Income
Equity
Derivatives
14.1.7
Types of Banking Reforms
The main aim of the reforms in banking markets has been to relax credit and
interest rate controls and remove restrictions ...
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