VIKAS RANA(15PBA039)

PRESENTATION ON FINANCIAL SERVICES

FINANCIAL SERVICES

Financial service is part of financial system that provides different types of finance through various credit instruments, financial products and services.

In financial instruments, we come across cheques, bills, promissory notes, debt instruments, letter of credit, etc.

Importance of Financial Services

Vibrant Capital Market. Expands activities of financial markets. Benefits of Government. Economic Development. Economic Growth. Ensures Greater Yield. Maximizes Returns. Minimizes Risks. Promotes Savings. Promotes Investments. Balanced Regional Development. Promotion of Domestic & Foreign Trade.

Financial Services offered by various financial institutions

Factoring. Leasing. Forfaiting. Hire Purchase Finance. Credit card. Merchant Banking. Book Building. Asset Liability Management. Housing Finance. Portfolio Finance. Underwriting. Credit Rating. Interest & Credit Swap. Mutual Fund.

IMPORATNCE OF FINANCIAL SERVICES

1.promoting investment. 2. Promoting savings 3. Minimizing the risks 4. Maximizing the Returns 5. Ensures greater Yield 6. Economic growth 7. Economic development 8. Benefit to Government 9. Expands activities of Financial Institutions 10. Capital Market

FUNCTIONS OF FINANCIAL SERVICES

Good financial system search in the following ways :

1. Promotion of liquidity. 2. Link between savers and investors 3. Information available 4. Helps in projects selection 5. Allocation of risk 7. Reduce cost of transaction and

borrowing 8. Financial deepening and broadening

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Indian Financial System

The basic structure of Indian Financial System is divided into four components which are:

Financial Services Financial Markets Financial Instruments Financial Institutions Financial Services

 financial services

The services provided by the Financial Institutions. These services generally include the banking services, Foreign exchange services, investment services, insurance services and few others. Following is a very brief description of the services

Banking Services – Includes all the operations provided by the banks including to the simple deposit and withdrawal of money to the issue of loans, credit cards etc.

Foreign Exchange services – this includes the currency exchange, foreign exchange banking or the wire transfer

Investment Services – It generally includes the asset management, hedge fund management and the custody services

Insurance Services – It deals with the selling of insurance policies, brokerages, insurance underwriting or the reinsurance

Some of the other services include the advisory services, venture capital, angel investment etc.

Financial Intermediaries

A financial intermediary is an institution which connects the deficit and the surplus. The best example of an intermediary can be a bank which transforms the bank deposits to bank loans. The role of financial intermediary is to channel funds from people who have extra inflow of money i.e., the savers to those who do not have enough money to fulfill the needs or to carry out the basic activities i.e. the borrowers.

Functions of Financial Intermediaries Maturity transformation Risk transformation Convenience denomination 

Financial Instrument

Financial Instrument is a trade-able asset which can be in terms of cash, agreement, evidence of an ownership in an entity; or a contractual right which has the right to deliver cash or any kind of asset.

The types of financial instrument used worldwide are in the form deposits, stock, and debt.

Deposits Stock. Debts

Financial Market

Financial Market is a mechanism that allows people to indulge themselves in the buying and selling i.e. trade of financial securities (for example stocks and bonds), commodities (for example precious metals) at prices that reflect the market’s effectiveness.

Types of Financial services in India

Banking services Foreign exchange services Investment services insurance

INTERNATIONAL FINANCIAL SERVICES

International business International trade Contractual entry mode FDI