FINANCIAL REGULATORS

Chit Funds : Insurance companies

Respective State

Governments: IRDA

Chit Funds : Housing Finance Companies

Respective State

Governments: NHB

Chit Funds : Venture Capital Fund /

Respective State

Governments: SEBI

Chit Funds : Merchant Banking companies

Respective State

Governments: SEBI

Chit Funds : Stock broking companies

Respective State

Governments: SEBI

Chit Funds : Nidhi Companies

Respective State

Governments: Ministry of corporate affairs, Government of India

Para banking- When Bank provides banking services except the general banking facility.

Narrow Banking- When banks invest its money in government

securities instead investing in market to avoid risk.

Offshore Banking- Bank which accept currency of all countries.

Green banking- Promoting environmental-friendly practices and reducing your carbon footprint from your banking activities.

Retail Banking- Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the

visible face of banking to the general public.