Finalcial services and Types
- 1. FINANCIAL SERVICES PRESENTED BY, SALMON.S - 191231 SHANMUGAPRIYA.K - 191233 SOUMITA DAS - 191235
- 2. CONTENTS Types of financial services Fund based services Leasing and Hire services Bill Discounting Housing Finance Venture Capital Finance & Stock broking Fee based services Credit Rating Crisil Rates
- 3. INTRODUCTION 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. 3
- 4. TYPES OF FINANCIAL SERVICES Banking Services Issuance of Check Book Provide personal and commercial loans ATM’s Foreign Exchange Services Currency Exchange Foreign Exchange Banking Wire Transfer Investment Service Asset Management Hedge fund Management Insurance Insurance Brokerage Reinsurance 4
- 5. FUND BASED SERVICE The firm raises funds through debt, equity, deposits. The following are some of these fund-based services such as: Leasing and Hire Purchase Housing Finance Credit Cards Venture Capital Factoring Forfeiting Bill Discounting Insurance 5
- 6. LEASING & HIRE PURCHASE BILLION BILLION BILLION A lease transaction is a commercial arrangement whereby an equipment owner or manufacturer conveys to the equipment user the right to use the equipment in return for a rental. A system by which a buyer pays for a thing in regular installments while enjoying the use of it. 6
- 7. BILLS DISCOUNTING o While discounting , banks buy the bill before it is due and credit the value of the bill after a discount charge to the customer's account. o Import Bill Discount is a kind of short-term finance offered by the bank to the importer according to his demand upon receiving the bills under the letter of credit and the import collection items. o Export Bill Discounting is financing of money in transit supplied by the bank. 7
- 8. HOUSING FINANCE 8 Housing finance is what allows for the production and consumption of housing It refers to the money we use to build and maintain the nation’s housing stock. But it also refers to the money we need to pay for it, in the form of rents, mortgage loans and repayments.”
- 9. VENTURE CAPITAL FINANCING 9 It is a fund that is available for investment in an enterprise which offers the probability of profit along with the possibility of loss. Venture is a course of proceeding associated with risk whose outcome is uncertain. The process of investing in the share market, either individually or through a broker is known as stock broking. This is primarily done by opening a Demat account STOCK BROKING
- 10. FEE BASED SERVICES The services wherein financial institutions operate in specialized fields to earn a substantial income in the form of fees or dividends or brokerage on operations 10 Issue Management Corporate Advisory Services Credit Rating Mutual Funds Asset Securitization Stock Broking Services
- 11. CREDIT RATING Itisanopiniononthefuture abilityandlegal obligation of anissuerto make timely payments ofprincipaland interest onaspecificfixed incomesecurity Aspercreditrating agencies regulations 1999 rating means, An opinion regarding securities Expressed in the form of standard symbols Assigned by a credit rating agency Used by an issuer of such security 11
- 12. CRISIL RATES CRISIL rates a wide range of entities, including CRISIL: Credit Rating and Information Services of India Limited. Industrial companies Banks Non-banking financial companies (NBFCs) Infrastructure entities Microfinance institutions Insurance companies Mutual funds State governments Urban local bodies 12
- 13. CONCLUSION • It serves as the bridge that people need to take better control of their finances and make better investments. • The financial services offered by a financial planner or a bank institution can help people manage their money much better. • It offer clients the opportunity to understand their goals and better plan for them.
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