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Topic Content:
- Meaning of Financial Institution
- Classification of Financial Institution
- Difference Between Non-Banking and Banking Financial Institutions
What is a Financial Institution?
A financial institution is an establishment that issues financial obligations in order to acquire funds from the public. These institutions hold money balances or money from individuals and other institutions in order to make investments and loans available.
It is an institution that trades with money and securities. e.g finance house, commercial bank, pension administration, etc.
A financial institution is a financial intermediary in transferring funds from one institution to another e.g. commercial banks. They transfer money between people, firms, and government in return for interest as well as
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