Page 166 - DMGT512_FINANCIAL_INSTITUTIONS_AND_SERVICES

Unit 10: Financial Services

Notes
Business Benefits
1. The client was able to reduce production support cost by 30-40 percent.
2. It was also able to free up its highly experienced resources for better utilisation.

Questions
1. What were the benefits that the client organization reaped out of the solution
provided by NTL?

2. Do you suggest anything else than what NTL did?
Source: www.niit.com

10.7 Summary

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.
Financial services sector in India has been growing with time and technology.
There are many financial innovations that have been done by various organizations in the
field.

10.8 Keywords

Angel Investor: An angel investor is an affluent individual who provides capital for a business
start-up, usually in exchange for convertible debt or ownership equity.
Offer: A company's proposal for binding its market access and treatment levels.
Prudential: An objective of market regulation by financial authorities: to protect investors and
depositors, to avoid instability or crises.

10.9 Self Assessment

Fill in the blanks:
1. A financial services ........................... is a financial services firm that is active in more than
one sector of the financial services market.
2. Private equity funds are typically..........................., which usually take controlling equity
stakes in businesses that are either private, or taken private once acquired.
3. Primarily internet-based companies are often referred to as ...............................
4. ........................... provide banking services exclusively to high net worth individuals.
5. ........................... is the term usually given to describe companies which run collective
investment funds.
6. ........................ 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.

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