No, I do not agree with this statement. Money market consist organized as well as unorganized sector in India.
The organized sector of money market consist of the RBI, Commercial Banks Co-operative Banks, Development Financial Institutions (DFIs) and Discount and Finance House of India (DFHI) and the unorganized sector of money market consist of Indigenous Bankers.
Money lenders and Unregulated Non-Bank Financial Intermediaries.
