Financial Services
India’s financial services industry is broad and diverse, offering a wide range of services that cater to individuals, businesses, and institutions. Here’s a categorized list of all major types of financial services available in India:
1. Banking Services
Retail Banking (Savings accounts, Fixed deposits, Loans)
Corporate/Commercial Banking
Investment Banking
Private Banking & Wealth Management
Digital & Neo Banking
Cooperative Banking
Payments & Settlement Systems (UPI, IMPS, NEFT, RTGS)
2. Insurance Services
Life Insurance
General Insurance (Motor, Health, Travel, Home)
Reinsurance
Microinsurance
Insurance Broking & Aggregators
3. Capital Market Services
Stockbroking
Investment Advisory
Portfolio Management Services (PMS)
Mutual Funds
Alternative Investment Funds (AIFs)
Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs)
Depositories (NSDL, CDSL)
4. Non-Banking Financial Companies (NBFCs)
Loan Companies
Asset Finance Companies
Microfinance Institutions (MFIs)
Housing Finance Companies
Infrastructure Finance Companies
5. Pension & Retirement Services
National Pension System (NPS)
Employees’ Provident Fund (EPF)
Pension Funds
Retirement Advisory Services
6. Asset Management Services
Mutual Fund Houses
Wealth Management Firms
Family Offices
7. Payment and Fintech Services
Digital Wallets (Paytm, PhonePe, Google Pay)
Payment Gateways
Point of Sale (POS) Systems
Buy Now Pay Later (BNPL)
Crowdfunding Platforms
Cryptocurrency Exchanges (with evolving regulation)
8. Foreign Exchange & Remittance Services
Currency Exchange
Inward/Outward Remittance Services
Forex Trading
International Wire Transfers
9. Credit Rating and Risk Management
Credit Rating Agencies (CRISIL, ICRA, CARE)
Credit Information Bureaus (CIBIL, Experian, Equifax)
Risk & Compliance Advisory
10. Regulatory and Support Services
Regulators: RBI, SEBI, IRDAI, PFRDA
Financial Consultancies & Audit Firms
Tax Advisory & Planning
Legal and Compliance Services