Are banks financial markets?

Yes, banks are part of financial markets. Financial institutions like banks, Development financial institutions like NABARD; non-banking financial institutions are part of financial markets. Financial markets encompass financial instruments, regulatory bodies and financial institutions. You can read about the Financial Market – Functions, Features, Difference between Money and Capital Market in the given link.

Further readings:

  1. Capital Markets – Types, Examples, Features, Structure, Functions, and Advantages
  2. Demand and Supply – Concepts of Economy for UPSC

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