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    Management Financial Services

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    Tanmeet kour
    Financial services refer to products and services offered by financial institutions like banks that facilitate financial transactions such as loans, insurance, and investment opportunities. Financial services perform important functions such as mobilizing savings, allocating capital, monitoring managers, and transforming risk. The financial services industry includes various types of organizations such as banks, credit companies, insurance companies, brokerages, and investment funds. Financial services can be fund-based, involving raising and investing funds, or fee-based, earning income through fees and commissions.

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    Management Financial Services

    Uploaded by

    Tanmeet kour
    167 views11 pages
    Financial services refer to products and services offered by financial institutions like banks that facilitate financial transactions such as loans, insurance, and investment opportunities. Financial services perform important functions such as mobilizing savings, allocating capital, monitoring managers, and transforming risk. The financial services industry includes various types of organizations such as banks, credit companies, insurance companies, brokerages, and investment funds. Financial services can be fund-based, involving raising and investing funds, or fee-based, earning income through fees and commissions.

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    Financial services refer to products and services offered by financial institutions like banks that facilitate financial transactions such as loans, insurance, and investment opportunities. Financial services perform important functions such as mobilizing savings, allocating capital, monitoring managers, and transforming risk. The financial services industry includes various types of organizations such as banks, credit companies, insurance companies, brokerages, and investment funds. Financial services can be fund-based, involving raising and investing funds, or fee-based, earning income through fees and commissions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    167 views11 pages

    Management Financial Services

    Uploaded by

    Tanmeet kour
    Financial services refer to products and services offered by financial institutions like banks that facilitate financial transactions such as loans, insurance, and investment opportunities. Financial services perform important functions such as mobilizing savings, allocating capital, monitoring managers, and transforming risk. The financial services industry includes various types of organizations such as banks, credit companies, insurance companies, brokerages, and investment funds. Financial services can be fund-based, involving raising and investing funds, or fee-based, earning income through fees and commissions.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    Management Financial

    Services
    Financial services- an Overview
    Concept
    • Financial services can be defined as the products and services
    offered by institutions like banks of various kinds for the facilitation of
    various financial transactions and other related activities in the world
    of finance like loans, insurance, credit cards, investment
    opportunities and money management as well as providing
    information on the stock market and other issues like market trends

    • Financial services refer to services provided by the finance


    industry. The finance industry encompasses a broad range of
    organizations that deal with the management of money. Among
    these organizations are banks, credit card companies, insurance
    companies, consumer finance companies, stock brokerages,
    investment funds and some government sponsored enterprises.
    Functions
    • Facilitating transactions (exchange of goods and
    services) in the economy.
    • Mobilizing savings (for which the outlets would otherwise
    be much more limited).
    • Allocating capital funds (notably to finance productive
    investment).
    • Monitoring managers (so that the funds allocated will be
    spent as envisaged).
    • Transforming risk (reducing it through aggregation and
    enabling it to be carried by those more willing to bear it).
    Characteristics
    • Intangibility
    • Customer orientation
    • Inseparability
    • Perishability
    • Dynamism
    Constituents
    • Market Players:- banks, financial institutions, mutual
    funds, merchant bankers, stock brokers
    • Instruments:- equity instruments, debt instruments,
    hybrids, bonds
    • Specialised Institutions:- credit ratings agencies, venture
    capital institutions
    • Regulatory bodies:- rbi, sebi, board for industrial and
    financial reconstruction, dept. of banking and insurance
    of central govt.
    Types
    Banking Foreign
    Exchange
    Service Service Investment
    Insurance
    Issues of Service
    Currency
    checkbo change
    oks Asset Insurance
    mgt brokerage
    Foreign
    ATMs currency
    banks
    Hedge reinsurance
    Commercial
    fund mgt
    loans,perso
    Wire
    nal loans transfer
    Types
    • FUND BASED SERVICES
    • FEE BASED SERVICES
    FUND BASED SERVICE
    • Firm raises funds through debt, equity,
    deposits, and the bank invests the funds in
    securities or lends to those who are in
    need of capital
    • Leasing and hiring, housing finance, credit
    cards, venture capital, factoring, forfeiting,
    insurance, bill discounting
    FEE BASED SERVICES
    • The services wherein financial institutions
    operate in specialised fields to earn a
    substantial income in the form of fees or
    dividends or brokerage on operations
    • Issue mgt, corporate advisory service,
    credit rating, mutual funds, asset
    securitization, stock broking service
    Problems
    • Lack of expertise
    • Inadequate Accommodation
    • Inadequate Technology
    • Inadequate Quality Service
    • Limited Innovations
    • Restrictive scope of operations

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