Non-Banking Financial Institutions - Reserve Bank of India - …非银行金融机构——印度储备银行—….pdf

Chapter V Non-Banking Financial Institutions 5.1 Core financial services provided by niche in the Indian financial system. Primary financial intermediaries include payments and dealers (PDs), which have come into existence liquidity, maturity transformation, store of value, recently, play an important role in both the information processing and pooling of risks. primary and secondary Government securities Banks have traditionally provided most of these market. Although commonly grouped as ‘NBFIs’, services and are increasingly diversifying into the nature of operations of FIs, NBFCs and PDs other areas. However, banks typically have an edge is quite different from one another. The regulatory in providing payment and liquidity related services focus in respect of these three types of NBFIs is and they usually select a portfolio mix with an also different. Business operations and financial overriding objective of providing a certain return. performance of different types of NBFIs are driven Non-banking financial institutions (NBFIs), on the mainly by sector-specific factors. other hand, tend to offer enhanced equity and risk- 5.4 The focus of regulatory initiatives in based products. NBFIs play a crucial role in respect of financial institutions (FIs) during broadening access to financial services, enhancing 2004-05 was to strengthen the prudential