The Indian Government run banking, finance and insurance firms have built a reputation of business integrity over time. The Indian Government participates in a number of financial sectors that include banks, securities and exchanges, insurance companies, and the flagship State Bank of India Group.
The Indian Government run banking, finance and insurance firms provide a greater spread of service than their private sector counterparts. The Indian Government financial companies are responsible for transferring funds from investors to potential lenders like companies. Other services include stock brokerage and securities underwriting and securities trading. All services are scanned by independent government bodies for financial fidelity.
The State Bank of India is the flagship Indian financial banking brand. The bank has a number of sub-banks that operate under the State Bank banner. The State Bank of India or SBI has the maximum number of branches in modern India. The SBI financial entity has also established international branches to extend its geographical reach.
A number of insurance companies are also run by the Indian Government. Companies like the New India Assurance Company Limited or NIACL are leaders in their field. A few Indian Government insurance companies like the Agricultural Insurance Company of India Limited concentrate on the rural areas of the Indian Republic.
The Securities and Exchange Board of India or SEBI is responsible for the regulation of the Indian securities markets. It is an autonomous government body. The Reserve Bank of India or RBI is India's nodal bank.
The National Stock Exchange or NSE is another financial company that has been set up by the Government of India. The NSE is the biggest stock exchange in India and has a volume transaction level comparable to its more famous counterparts like NASDAQ and DOW.
The list of Indian Government run banking, finance and insurance firms includes the following entities: href="https://www.mapsofindia.com/rajasthan/">Rajasthan Finance Corporation (RFC)
Last Updated on 1st Oct 2012
