![]() ![]() ![]() The commercial banks are divided into schedule and non-schedule banks. Under banks are the commercial and cooperative ones. These two segments also come with subcategories. The Indian financial system is primarily divided into two segments: banks and non-banking financial institutions. Understanding the Indian Financial System The current financial regulatory framework is often criticised due to its incompleteness, demanding it to be reformed. It’s a high-growth sector with ample job opportunities. It also allows a proper framework to function during financial planning. The economy expands, and businesses in this area are better able to manage risk when the sector is robust. It allows for the free flow of capital and market liquidity. Financial services enable people to make big purchases and save for the future. Why Financial Services are Important?Įfficient operation of the economy depends on the financial services. Financial services are frequently the exclusive domain of businesses and professionals. Banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing are types of financial services industries. What are financial services?Īll services related to money are considered financial services. With numerous job opportunities available, a simple financial analysis course can put you on the track to success in the field of finance as a financial analyst. Owing to its sheer massiveness in the number of services provided and the demand drivers, the financial services sector in India is witnessing an upward trajectory. The term "financial services" is an umbrella concept for a range of financial services provided by the industry. ![]()
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