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These are the intermediation that mobilized savings and helps in allocation of Funds in efficient manner.

Financial Institutions can be classified as Banking and Non-Banking Financial Institutions are of two types schedule, can be Commercial Banks and Schedule Co-Operative Bank.

The Schedule Commercial Banks can be Further classified into Public Sector Bank, Private Sector bank, Foreign Sector Bank.

In India the Non-Banking Institution are of two types, i.e. Non-Banking Financial Companies & Development Financial Institutions.

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Q: Classification of financial institutions
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