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What are 3 categories of financial institutions?

The 3 categories of financial institutions are Central Banks, retail and commercial banks, and investment banks.You can read about the Development Finance Institutions (DFI) – Objectives, Sector Specific DFI in the given link.

Further readings:

  1. Types of Non Banking Financial Institutions India
  2. World Bank Group – IBRD, IDA and 3 other institutions (UPSC Notes)

Related Links

National Bank for Agriculture and Rural Development (NABARD) [UPSC Notes]

Financial Inclusion – National Strategy for Financial Inclusion [UPSC GS-III]

SIDBI – Small Industries Development Bank of India 

Previous Years Economics Mains Questions for UPSC GS-3

License for Small Finance Banks by RBI

Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19

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