What is the role payed by a financial intermediary in an economy?
Updated : June 27, 2018 07:17 AM IST
They offer their service during various financial operations including mutual funds, pension funds etc.
Their prime role is to channel surplus funds and capital from individuals to persons and institutions that are need of money.
One example for the activities of intermediaries can be seen in the role banks play in connecting borrowers and lenders.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more