Welcome to Rapid Current Affairs we are here to introduce you to the most significant Financial institutions in India that are managed and operated under the guidance of the RBI. The RBI is the father of all banks and financial institutions. Without taking the permission and guidelines no bank can be operated in India.
RBI regulates all banking activities and has control over private and government banks. RBI regulates India’s banking monetary policy. As per the latest trends, banks are divided into 4 categories.
- Commercial Banks
- Small Finance Banks
- Payment Banks
- Co-operative Banks.
Commercial banks are divided into two parts one is a Public Sector bank another is a Private Sector bank. As per the latest records, 91 commercial banks are running in India but this can be changed if any institute opens or shuts down. There are 20 Public Sector Banks in India including SBI and 19 nationalized banks.
Check: Banking Awareness Question
List of Non-Banking Financial Institutions in India
| Financial Institutions Name | Head Office |
| Credila | Mumbai |
| Indiabulls | Gurgaon |
| Shriram Housing Finance | Mumbai |
| Muthoot Finance | Kochi Kerala |
| IDFC First | Mumbai |
| DHFL | Mumabai |
| Mumbai | Mumbai |
| PNB Housing | New Delhi |
| Citicorp Finance (India) Limited | Mumbai |
| India Infoline Finance Limited | Mumbai |
| Manappuram Finance | Kerala |
| Tata Capital | Mumbai |
Small Finance Banks operating in India
| Small Finance Banks | ||
| AU Small Finance Bank | Capital Small Finance Bank | ESAF Small Finance Bank |
| Equitas Small Finance Bank | Fincare Small Finance Bank | Jana Small Finance Bank |
| North East Small Finance Bank | Suryoday Small Finance Bank | Ujjivan Small Finance Bank |