Non-banking Financial Institutions carry out financing activities but their resources are not directly obtained from the savers as debt. Instead, these Institutions mobilise the public savings for rendering other financial services including investment. All such Institutions are financial intermediaries and when they lend, they are known as Non-Banking Financial Intermediaries (NBFIs) or Investment Institutions.
UNIT TRUST OF INDIA
LIFE INSURANCE CORPORATION (LIC)
GENERAL INSURANCE CORPORATION (GIC)
