Current Scenario Of Financial Services
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Current Scenario of Financial Services
Financial Services
Financial services can be defined as the products and services offered by institutions like banks of various kinds for the facilitation of various financial transactions and other related activities in the world of finance like loans, insurance, credit cards, investment opportunities and money management as well as providing information on the stock market and other issues like market trends.
Outsourcing
An outside vendor might provide operational efficiencies and associated cost savings that the firm could not achieve on its own.
Purchasing software for producing internal reports and customer statements from a specialized vendor often provides significant cost savings and greater flexibility over developing and maintaining that software inhouse.
Insurance
A promise of compensation for specific potential future losses in exchange for a periodic payment At present Insurance sector is growing at fast pace of 20%. Together with banking services add &% to National GDP.
Indian depository Receipt
A negotiable, bank-issued certificate representing ownership of stock securities by an investor. It is the non-US equivalent of an American Depository Receipt. A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a corporation that the bank holds in trust.
Credit derivatives
A credit derivative is a derivative whose value derives from the credit risk on an underlying bond, loan or other financial asset. Credit derivatives are bilateral contracts between a buyer and seller under which the seller sells protection against the credit risk of the reference entity
Weather derivatives
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions
Venture capital Venture capital is the term for money invested in young, fast growing companies. New phenomenon, especially in India. Also called as risk capital.
Financial Services
Financial services can be defined as the products and services offered by institutions like banks of various kinds for the facilitation of various financial transactions and other related activities in the world of finance like loans, insurance, credit cards, investment opportunities and money management as well as providing information on the stock market and other issues like market trends.
Outsourcing
An outside vendor might provide operational efficiencies and associated cost savings that the firm could not achieve on its own.
Purchasing software for producing internal reports and customer statements from a specialized vendor often provides significant cost savings and greater flexibility over developing and maintaining that software inhouse.
Insurance
A promise of compensation for specific potential future losses in exchange for a periodic payment At present Insurance sector is growing at fast pace of 20%. Together with banking services add &% to National GDP.
Indian depository Receipt
A negotiable, bank-issued certificate representing ownership of stock securities by an investor. It is the non-US equivalent of an American Depository Receipt. A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a corporation that the bank holds in trust.
Credit derivatives
A credit derivative is a derivative whose value derives from the credit risk on an underlying bond, loan or other financial asset. Credit derivatives are bilateral contracts between a buyer and seller under which the seller sells protection against the credit risk of the reference entity
Weather derivatives
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions
Venture capital Venture capital is the term for money invested in young, fast growing companies. New phenomenon, especially in India. Also called as risk capital.
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