Financial Services

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Financial Services Meaning, Nature, Types & Scope 1 Service Sector in Indian Economy Indian Economy Primary Sector Secondary Sector Tertiary Sector or Service Sector 2 Contribution of Service Sector in Indian Economy      At the time of independence: In 2008Service Sector-55.1% Secondary-26.9% Primary-18.5% 3 Growth in Service Sector From 1947 to 1990-Increased by-21% From 1991 to 2008-Increased by-40% In 2008-09-6.7% In Q1(2009)-9.5% 4 Financial Services   The Financial Services includes all Activities connected with the transformation of savings into investments. Financial Services facilitate and intermediate the financial transaction of individuals and institutions. 5 Types of Financial Services Financial Services Fund or Assets Based services Fee-Based Advisory Services 6 Fund Based Financial Services        Lease financing Hire purchase finance & customer Credit Factoring and Forfeiting Bill Discounting Housing Finance Insurance Services Venture Capital Financing 7 Fee-Based Financial Services     Merchant Banking Credit Rating Stock Brokerage Portfolio Management 8 Special Features of Financial Services      More Sophisticated Long Term in Nature Need More Advise Rapid Changes Necessity for Other Sectors 9 Contemporary issues in Financial Services   More Regulation More Support From Govt. 10