In this comprehensive guide, we delve into the major categories of financial institutions and their primary roles, providing a thorough understanding of the financial services industry landscape, including Personal Loan of $1,00,000. The financial sector plays a pivotal role in shaping our economy and influencing global financial stability. Understanding the various categories of financial institutions and their primary functions is essential for both industry professionals and individuals seeking financial services. In this article, we will explore the significant types of financial institutions and the pivotal roles they play in the economy. Major Categories of Financial Institutions are an integral part of this exploration. Commercial Banks: The Cornerstones of Finance Commercial banks are the bedrock of the financial industry. They provide a wide range of services to individuals, businesses, and governments. These services include basic savings and checking accounts, loans, credit ...