Bandenia Formula Capital LTD | Financial intermediaries generally include commercial banks, cooperative credit societies, building societies, insurance companies, etc. They act as half-way houses between the primary lenders and the final borrowers. They accept deposits from the public and pay deposit rates to it. On the other hand Financial intermediaries are generally classified into two broad groups- (a) banks, and (b) non-bank financial intermediaries (NBFIs). Non-bank financial intermediaries are thus a heterogeneous group of financial institutions other than commercial banks.