Financial Institutions owned by Private Parties. The institutions like HDFC and Muthoot Pappachan Group are listed here. These institutions are owned and managed by private people. These Financial Institutions also provide good financial services to common man. Brief Information regarding them and their websites are also listed.
» HDFC : HDFC(Housing Development Finance Corporation Limited) offer specialised financial services to their customers through partnerships with some of best financial institutions worldwide.
» Muthoot Pappachan Group : Muthoot Fincorp (MF) was established to unify all group businesses pertaining to the Non-Banking Financial Sector.
The post-Bretton Woods system of global financial governance is both multi-levelled and multi-faceted. It is based on complex networks of governmental, non-governmental supra-state, sub-state, global, regional, formal and informal actors and institutions. However, behind this apparently multilayered and pluralistic structure of governance is the increasing role and influence of transnational private financial institutions and their associations in the making of rules and regulations for the liberalized global capital markets. By adopting a neo-Gramscian perspective, the paper examines the increased role of transnational private financial institutions in shaping the rules and norms of global financial governance. It argues that this increased role enhances both the structural and behavioural power of mobile finance capital and reinforces its dominant position in the global political economy. The international financial rules and regulations so produced privilege the interests of big institutional investors and creditors, who are mostly located in the G7. These rules and norms also help to maintain the neoliberal system of free capital mobility. But this represents more a moment of dominance than a moment of hegemony in the Gramscian sense, as the contradictions of global neoliberalism intensify and generate massive social and political discontent among subordinate social classes especially in the less developed countries.
