The financial sector has historically been dominated by traditional banks, institutions that accept deposits, provide loans, and facilitate payments. However, the landscape has been evolving rapidly, with non-bank financial institutions (NBFIs) playing an increasingly significant role. These entities, which operate outside the conventional banking system, offer a diverse range of financial services, often catering to … Read more
Microfinance banks (MFBs) represent a specialized segment of the financial industry dedicated to providing financial services to low-income individuals and small businesses who are often excluded from traditional banking systems. These institutions play a crucial role in promoting financial inclusion, reducing poverty, and fostering economic development in underserved communities. This article explores the definition, history, … Read more
Private banking represents a highly specialized segment of the financial services industry, catering to the complex financial needs of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). Unlike traditional retail banking, which focuses on mass-market financial products and services, private banking offers a personalized and holistic approach to wealth management, investment, and financial planning. This article … Read more