Management of financial services

《Management of financial services》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、MBA-FinanceManagementofFinancialServicesUNIT-ILearningObjectives:Afterreadingthischapteryouwillbeconversantwith:·MeaningandDefinitionsofFinancialservices·KindsofFinancialservices·Evolutionandgrowthoftheseservices·Natureandcharacteristicsoffinancialservices·

2、Goodsmarketingv/sservicemarketing·Strategicfinancialservices·ServicesMarketingtriangleTheFinancialservicessectorinIndiaisbloomingandhasbecomeoneofthelucrativeareastoprofessionalism.Thesectorhasundergonemetamorphosissince1990.Indianeconomygotliberalizeddurin

3、g1991andthefinancialsectorwaskeptopenforprivateandforeignplayers.Duringthelateeighties,thefinancialservicesindustryinIndiawasdominatedbycommercialbanksandotherfinancialinstitutionsgovernedbytheCentralGovernment.Theeconomicliberalizationhasbroughtinacomplete

4、transformationintheIndianfinancialservicesindustry.Priortotheeconomicliberalization,theIndianfinancialservicesectorwascharacterizedbyvariousotherfactors,whichwasrelatedtothegrowthofthissector.Someofthefactorsofsignificanceareasfollows:qToomuchofcontrolandre

5、gulationbytheapexbodiesintheformofinterestrates,moneyratesetc.qControllerofcapitalissuesusedtoregulatethepricesofsecuritiesAcroPDF-AQualityPDFWriterandPDFConvertertocreatePDFfiles.Toremovetheline,buyalicense.MBA-FinanceManagementofFinancialServicesqAbsenceo

6、ffindependentcreditratingandcreditresearchagencies.qStrictregulationoftheforeignexchangemarketqRestrictionsonforeigninvestmentandforeignequityqNon-availabilityofdebtinstrumentsonalargescale.However,aftertheeconomicliberalizationtheentirefinancialsectorhasun

7、dergoneasea-sawchangeandnownewfinancialinstrumentsareenteringthecapitalmarketonadailybasis.ThepresentscenariointheIndianCapitalmarketischaracterizedbyfinancialinnovationandfinancialcreativity.Financialservicesbasicallymeanallthosekindsofservicesprovidedinfi

8、nancialormonetaryterms,wheretheessentialcommodityismoney.Theseservicesinclude;Leasing,Hirepurchase,venturecapital,Merchantbanking,Insurance,housingfinance,Mutualfunds,factoring,stockbrokingandmanyother