NIC 6419—Other monetary intermediation

Where 6419 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 641 Monetary intermediation
4. 6419 Other monetary intermediation

Contains 8 narrower codes

• 641901 Activities of commercial banks, Regional Rural Banks, Local Area Banks
• 641902 Activities of Payment, Small Finance Banks and similar activities
• 641903 Activities of co-operative banks including Urban Co-op Banks, Primary Agricultural Credit Societies (PACS), Central Cooperative Banks (CCBs), State Cooperative Banks (SCBs) and other credit co-operatives and unions
• 641904 Activities of Postal giro and postal saving banks activities and money order activities and other similar activities
• 641905 Activities of deposit taking NBFCs (Investment and Credit Companies (ICC), Housing Finance Companies (HFC))
• 641906 Activities of non-deposit taking NBFCs(ICC, NBFC-Infrastructure Debt Fund, NBFC-Micro-Finance Institutions, NBFC-Non-Operating Financial Holding Companies, HFC, Standalone Primary Dealers)
• 641907 Activities of monetary intermediation carried out by Self Help Groups (SHG)
• 641999 Other monetary intermediation activities n.e.c.

What 6419 includes

• This class includes the receiving of deposits and/or close substitutes for deposits and extending of credit or other forms of lending funds.
• The granting of credit can take a variety of forms, such as loans mortgages, consumer credit cards etc.
• These activities are generally carried out by monetary institutions other than central banks.

What 6419 excludes

• Credit granting by specialised non-depository institutions, e.g. for house purchases, see 6492
• Credit card transaction processing and settlement activities, see 6619

6419 in other systems