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Mahesh Kumar Sarva, Lovely Professional University
Unit 10: Financial Services

Unit 10: Financial Services Notes

CONTENTS
Objectives
Introduction

10.1 Concept of Financial Services
10.2 Role of Financial Services
10.3 Prudential Norms for Capital Adequacy

10.4 Emerging Trends in Financial Services
10.5 Nature of Financial Services
10.6 Types of Financial Services
10.7 Summary
10.8 Keywords

10.9 Self Assessment
10.10 Review Questions
10.11 Further Readings

Objectives

After studying this unit, you will be able to:
Explain the concept of financial services
Describe the role of financial services
Discuss emerging trends in financial services
State the nature of financial services

Know the types of financial services

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 and some government sponsored enterprises.
10.1 Concept of 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.

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