Which department manages financial institutions and services in India?

The Department of Financial Services is responsible for managing financial institutions and services in India. This department operates under the Ministry of Finance and plays a crucial role in the formulation and implementation of policies related to banking and financial sectors. It oversees issues related to banks, insurance companies, and other non-banking financial institutions, ensuring that they operate within a well-regulated environment.

This department is pivotal in enhancing the accessibility and affordability of financial services across the country and also focuses on financial inclusion initiatives. It addresses the needs of consumers and businesses by maintaining robust financial infrastructure, thereby contributing to the overall economic stability and growth of the nation.

The other options relate to different aspects of financial management or economic policy but do not specifically focus on the oversight of financial institutions and services. For example, the Department of Economic Affairs deals more broadly with economic policy matters, the Department of Revenue focuses on tax collection and government revenue, and the Department of Investment and Public Asset Management oversees public assets and government investments, rather than directly managing financial services.