Companies working in the field of financial services are termed as financial institutions. A financial institution is one which provides financial services for its consumers and members. They act as financial intermediaries. There are mainly three types of financial institutions-banking, insurance and brokers. Our country India has many such institutions. Following is the list of financial institutions working under the government of India.

Government companies in Financial Services

Balmer Lawrie Investments Limited: Balmer Lawrie Investments Limited is a non- banking financial company under the government of India. The company was established on 20th September 2001. Presently, the company has come out as a multi-technology, multi-activity, multi-location firm with global footprints.

Export Credit Guarantee Corporation of India Limited (ECGC): Export Credit Guarantee Corporation of India Limited was established in the year 1957. The company is wholly owned by the Government of India. It provides export credit insurance support to the Indian exporters. The notable records of the company are its largest policy, largest database on buyers, largest credit limit, largest and quickest claim, highest compensation, and so on.

Housing & Urban Development Corporation Limited: Housing & Urban Developement Corporation Limited (HUDCO) provides financial schemes for housing and thereby improves the living condition of people. The company is wholly owned by the Union Government

Indian Railway Finance Corporation Limited: Indian Railway Finance Corporation Limited runs under the Ministry of railways. Its main objective is to raise money from the market to meet expenditure of Indian Railways.

Power Finance Corporation: Power Finance Corporation was established in the year 1986 by Government of India. The organisation works as financial institution which is dedicated top power sector financing.

Life Insurance Corporation of India: Life Insurance Corporation of India was established in 1st September 1956 under the Life Insurance Corporation Act by the Parliament of India. The organisation has its head office in Mumbai.

United India Insurance: United India Insurance is one of the most important companies in the field of General Insurance in India. The company was initially established in the year 1938; however the company was nationalized in the year 1972.

New India Assurance: The New India Assurance was established in 23rd July 1919. The company is ranked as number one company in the field of insurance.

National Insurance Company Limited: National Insurance Company Limited has its headquarters in Kolkata. It is one among the leading insurance companies of the country.

The above given is the list of Government companies working in the field of financial services all over the country.