Division 64 : Financial service activities, except insurance and pension funding

SECTION K : FINANCIAL AND INSURANCE ACTIVITIES
Division 64 : Financial service activities, except insurance and Pension funding
Group	Class	Sub-class	Description
641			Monetary intermediation
	6411		Central banking
			This class includes activities of Reserve Bank of India
		64110	Central banking
	6419		Other monetary intermediation
			This class excludes
			- non-depository institutions granting credit for house purchase, see 6492
			- credit card transaction processing and settlement activities, see 6619
		64191	Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses
		64192	Activities of specialized institutions granting credit for house purchases that also take deposits
642			Activities of holding companies
	6420		Activities of holding companies
			This class includes the activities of holding companies, i.e. units that hold the assets (owning controlling-levels of equity) of a group of subsidiary corporations and whose principal activity is owning the group. The holding companies in this class do not provide any other service to the businesses in which the equity is held, i.e. they do not administer or manage other units.
		64200	Activities of holding companies
643			Trusts, funds and other financial vehicles
	6430		Trusts, funds and other financial vehicles
			This class includes legal entities organized to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services.
		64300	Trusts, funds and other financial vehicles
649			Other financial service activities, except insurance and pension funding activities
	6491		Financial leasing
			This class includes leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.
		64910	Financial leasing
	6492		Other credit granting
			This class includes financial service activities primarily concerned with making loans by institutions not involved in monetary intermediation (such as venture capital companies, industrial banks, investment clubs), where the granting of credit can take a variety of forms, such as loans, mortgages,credit cards etc.
			This class excludes:
			-credit granting for house purchase by specialized institutions that also take deposits, see 6419
			- operational leasing, see division 77, according to type of goods leased
		64920	Other credit granting
	6499		Other financial service activities, except insurance and pension funding activities, n.e.c.
			This class includes other financial service activities primarily concerned with This class includes other financial service activities primarily concerned with distributing funds other than by making loans (factoring activities, writingof swaps, options and other hedging arrangements, activities of viatical settlement companies)
		64990	Other financial service activities, except insurance and pension funding activities, n.e.c.

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