State the nature of money market. Who are the major participants in the money market?


Share with your friends
Call

Money market refers to transactions involving lending and borrowing of money for short periods like a day a week a month or 3 to 6 months. It meets the short term requirements. 

The major participants in the market are: 

1. Reserve Bank of India 

2. Commercial Banks, Cooperative Banks 

3. Non-Banking Finance Companies 

4. State Government 

5. Large Corporate Houses and Mutual Funds 

6. LIC, GIC, UTI, etc.

Talk Doctor Online in Bissoy App