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Introduction to financial services

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Introduction to financial services

  1. 1. Financial Services (12MBAW-49) Introduction Financial Services BY SADDAM HUSSAIN
  2. 2. Unit –I (Syllabus) • Introduction to Financial System and Financial Markets, Instruments • Evolution of Indian Financial System • Financial Services: concepts, features, constituents and types • Regulatory Framework for Financial Services(NBFC) • Stock Exchanges of India; SEBI
  3. 3. Financial Services??
  4. 4. Financial Services Services required for mobilizing and channelizing savings to productive activities for producing final goods & services
  5. 5. Financial Services Most significant element of a financial system interlinking all other elements.
  6. 6. COMPONENTS OF INDIAN FNANCIAL SYSTEM Fourth Elemen t
  7. 7. Financial Services Includes various services created and delivered by the financial system-not only helps raise funds but ensure their efficient deployment.
  8. 8. Functions of Financial Services • Mobilization of funds • Effective Deployment of funds • Provision of need based services • Provision of regulated service • Enhancement of Economic Development
  9. 9. Categories of Financial Services
  10. 10. Categories of Financial Services Asset Management Companies e.g: Leasing Cos., Mutual Fund Cos, Merchant Bankers… What is being Managed?? Liability Management Companies e.g. Bill discounting houses, Acceptance houses, Factoring,
  11. 11. Categories of Financial Services…. FUND BASED Fin. Services Co.s •Own the fund by directly raising it from the market •Lend it to those who need them Ownership & Utilization of Fund FEES BASED Fin. Services Co.s •Help others raise funds •Do not own the fund raised •Provide advisory services for effective deployment of fund
  12. 12. Categories of Financial Services…. Fund Based services firms raise equity, debts and deposits and invests in securities and lends to those who are in need of capital Caters to both short term and long term need E.g. Commercial banking, Term lending, Bill discounting, Leasing, Factoring, Forfaiting, Hire purchase, VCF….
  13. 13. Categories of Financial Services…. Fees-Based Services Enables the corporate sector & others to raise capital from the market or exchange financial assets & risks with other participants of the market..against a FEES E.g.-Merchant Banking, Stock Broking, credit Rating, Mutual Funds, Portfolio Mgt. services…
  14. 14. A Glimpse of the variety of Financial Services
  15. 15. LEASING Means for financing capital equipments Contractual agreement by which a firm acquires the right to use an asset for a definite period by paying rentals
  16. 16. FACTORING FS designed to manage the receivables of a firm An arrangement for obtaining funds by selling receivables to a specialized financing agency (factor) .
  17. 17. BILL DISCOUNTING & SECURITIZATION Bill discounting is a practice of lending against the commercial bills of a trader. Securitization is a process of pooling & packaging homogenous illiquid asset (receivables-long term) into
  18. 18. MUTUAL FUNDS Are financial intermediaries that collect the savings of small investors and invests them in a diversified portfolio of securities to minimize risk and maximize returns for investors
  19. 19. MERCHANT BANKERS Provide specialized services as managing new issues, underwriting, portfolio mgt., financial restructuring, advisory services for M&A…..
  20. 20. VENTURE CAPITAL FINANCING Provide a form of equity financing designed especially for funding high risk and return projects (new products/inventions/innovations).
  21. 21. CREDIT RATING A specialized form of financial services involved in the assessment of the credit record, integrity, and capability of a prospective borrower to meet its debt obligation.
  22. 22. Salient Features of Financial Services Highly Customer Oriented Intangibility Inseparability Perish ability People-based service Dynamism
  23. 23. CONSTITUNTS OF FINANCIAL SERVICES INSTRUMEN TS •Debt •Equity •hybrid MARKET PLAYERS -Banks, FIs, MFs, MBs, Brokers, …. SPECIALIZE D INSTITUTION S -Credit rating agencies, depositories …. REGULATORY BODIES -RBI, SEBI, Dept. of Banking & Insurance, IRDA….. Constituents of Financial Services
  24. 24. Financial Services Sector… A torchbearer throwing light on the  sources of funds  the quantum of funds that can be mobilized from such sources Providing solutions to problems faced by various components of Fin. System Increasingly contribute to economic growth & development
  25. 25. List of top 10 financial services companies in India• SBI Capital Markets Limited: This happens to be the oldest organizations in the sphere of capital markets in India. Established in 1986 in the form of an ancillary of SBI, they have ranked second in Asia's Project Advisory services. The company is a traiblazer in privatization and securitization. The subsidiaries of SBI Capital Markets are SBICAPs Ventures Ltd., SBICAP Trustee Co.Ltd. and many others. Bajaj Capital Limited: One of the major financial services companies in India, Bajaj Capital offers best investment advisory and financial planning services. The services are meted out to the institutional investors, NRIs, corporate houses, individual investors, high network clients as well. DSP Merrill Lynch Limited: A major player in the equity and debt market in India, DSP Merrill Lynch offers financial advises to varied corporations and institutions. With an array of wealth management and investor services, their services are customized in a manner that they meet every investor requirement. Birla Global Finance Limited: The subsidiary of Aditya Birla Nuvo Ltd., this company has operations in the corporate finance and capital market arena. An alliance with Sun Life Financial of Canada, they have given birth to Birla Sun Life Insurance Co Ltd., Birla Sun Life Distribution Co. and alike. Housing Development Finance Corporation: A best financial solution for home loans, NRI loans, HDFC is the one stop destination
  26. 26. List of top 10 financial services companies in India PNB Housing Finance Limited: This company offers premium solutions for relieving the borrower segment. The Home Loan Life Insurance Plan of this has come in conjunction with TATA AIG, with the lowest premium when compared to the peers. ICICI Group: Wide arena of financial products and services, ICICI Group has solutions like InstaBanking, Online Trading, Insta Insure, ICICI Bank imobile etc. Providing high class financial services in all segments of the society, ICICI Group deals with Mutual Fund, Private Equity, Securities, and Life Insurance etc. LIC Finance Limited: It is the biggest Housing Finance Company in India, providing finance to individuals for repair or construction or renovation of any old or new apartment or house. L & T Finance Limited: Established in 1994 by the Larsen and Turbo group, this has become a significant name in the financial sector. Funds for automobiles, Agricultural Instruments, secured loans; they have all types of loans for a long tenure. Karvy Group: With Mutual Funds Services, Depository Services, Debt Market Services, Investment Banking and many others, Karvy Group has spanned across the domestic financial sector as well as abroad.

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