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:
- Capital Markets – Types, Examples, Features, Structure, Functions, and Advantages
- Demand and Supply – Concepts of Economy for UPSC
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Related Links
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Fiscal Deficit – Calculation, Components, Policy Framework
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Monetary System – Types of Monetary System (Commodity, Commodity-Based, Fiat Money)
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Monetary Policy – Objectives, Roles and Instruments (UPSC Indian Economy)
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Inflation in Economy- Types of Inflation, Inflation Remedies [UPSC Notes]
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Economic Survey 2021 – Definition, Importance & Highlights
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Fiscal Policy in India – Objectives, Components, Fiscal Consolidation, FRBM Act, 2003
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Indian Economy Notes For UPSC Exam [Download PDFs]
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Union Budget 2021 – An Overview of Proposals on Six Different Pillars
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