India's financial sector comprises of commercial banks, insurance firms, non-banking institutions, mutual funds, cooperatives and pension funds, among other financial entities. The last two decades have seen the sector developing a more contemporary outlook. The Government of India has helped in this development, introducing reforms to liberalise, regulate and enhance the country's financial services. Today, India is recognised as one of the world's most vibrant capital markets. Notwithstanding challenges, the sector's future seems to be in good hands.