What are 2 forms of financial institutions

The answer is Non-depository and Depository.

Explanation:

This depends on whether the institution has the legal capacity and the authority to keep deposits from the public.

for an example, an insurance company falls under Non depository while a licensed commercial bank or a savings bank falls under depository category.

Depository institutions - deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;

Contractual institutions - insurance companies and pension funds.