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FINANCIAL SERVICES

himalyan.biz The services provided by the finance industries are called financial services.The financial services used to describe the organisation that deals with the management of the money and includes the merchant banks,credit card companies,govt. sponsered enterprises and the stock brokages.The word fianace is basically the money management.


The list of various finance industries of india are:-

  • INDIA BULLS
  • ICICI BANK LTD.
  • HDFC
  • A B N AMRO
  • STATE BANK OF INDIA
  • YES BANK
  • CENTURIAN STATE BANKS



    • Businesses operating in the banking and financial services domain are implementing strategic and tactical initiatives to meet customer demands and improve operational efficiencies. This is in addition to coping with growing regulatory compliance requirements. To cope with these challenges, financial services companies have, over time,


  • Adopted a diverse portfolio of applications and technology


  • Re-engineered business and operational processes


  • Increased control procedures to detect fraud and meet regulatory requirements


  • Changed operational structure and resorted to outsourcing



    • A large majority of the poor in India are outside the formal banking system. The policy of financial inclusion sets out to remedy this by making available a basic banking ‘no frills’ account either with nil or very minimum balances as well as charges that would make such accounts accessible to vast sections of the population.



    The problem of financial exclusion—individuals’ limited access to, or use of, formal banking services—looms large. Governments and microfinance institutions have made some headway in alleviating exclusion, but banks have lacked a commercial impetus to do so, stifling the development of solutions that have the reach required to confront this problem. By embracing innovation, however, banks can upend the economics of reaching consumers long considered unserviceable, opening up opportunities for profitable expansion in the world’s most rapidly growing economies.