State in brief about the types of financial intermediaries which facilitate a proper channel of investment.

Types of Financial Intermediaries Financial intermediaries facilitate a proper channel of investment by connecting savers with borrowers. They can be broadly classified into: Capital Market Intermediaries: These intermediaries mainly provide long-term funds to individuals and corporate customers. They consist of Term Lending Institutions like Financial Corporations and Investment Institutions like Life Insurance Corporation of India (LIC), mutual funds, investment banks, etc. Money Market Intermediaries: Money market intermediaries supply only short-term funds to individuals and corporate customers. They consist of commercial banks, cooperative banks, non-banking financial companies (NBFCs), etc.