AMITY INTERNATIONAL BUSINESS SCHOOL 2012-2015

BBA-IB

BY : FacultySunil Kr. Ahirwar Ms. Kirandeep Kaur

FINANCIAL SERVICES

Introduction to Financial Service

Financial services are economic service provided and 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.

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Banking services

Issuance of checkbooks

Provide personal

loans, commercial

loans

ATMs

Foreign exchange services

Currency Exchange

Wire transfer

Investment services

Asset management

Fund managemen

t

Insurance

Insurance brokerage

Reinsurance

TYPES OF FINANCIAL SERVICES

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FORMAL FINANCIAL SERVICES

• Accounts• Loans• Wire transfers

INFORMAL FINANCIALSERVICES

• Rent-to-own stores• Loans from family• Cultural savings clubs

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Function Of Finance Service

Fund Raising Investment banking services Commercial banking services Foreign exchange services Economic Growth

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Player In Financial Service

SBI Capital Markets Limited

Bajaj Capital Limited Birla Global Finance

Limited PNB Housing Finance

Limited LIC Finance Limited

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Financial Services and Economic Environment

The financial servicers provides consultancy services to governments, private-sector owners, and financiers to determine the appropriate economic, financial and institutional structures required for success throughout a project’s lifecycle.

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Role of Financial Service

A sound financial system supports growth through mobilizing and pooling savings; producing information about possible investments and allocating capital; monitoring investments and exerting corporate governance; facilitating the trading, diversification, and management of risks; and facilitating the exchange of goods and services

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Conclusion

The conclusion regarding the impact, advantages and disadvantages of domestic and international geographic diversification and expansion on the financial service industry is the fact that with globalization, the survival and success of many financial service firms lies in understanding and meeting the needs, desires and expectations of their customers.

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AIBS BBA-IB-III