Indian Financial System - Functions of the financial system - Provision for liquidity. - Mobilizing and allocating the saving efficiently and effectively. - Monitoring the performance of the investment. Provide price related information. - Helps in the creation of financial structure that lowers cost of transaction. - Helps in the process of financial deepening and broadening. Indian Financial System Broadly divided under 2 heads - Organised - Unorganised Organised in the sense
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condition of the people in rural areas worsening further. One of the typical reasons for poverty is being financially excluded. Though there are few people who are enjoying all kinds of services from savings to net banking‚ but still in our country around 40% of people lack access to even basic financial services like savings‚ credit and insurance facilities. So an inclusive sector should not only serve the bankable clients‚ but also integrate the "unbankable" clients by making them "bankable". Many
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THE FINANCIAL SYSTEM – NATURE‚ EVOLUTION AND STRUCTURE A financial system is an integral part of a modern economy. An effective system of payment for goods and services enables huge production and the specialization of labor in the economy. The word „system‟ means an ordered‚ organized and comprehensive assemblage of facts‚ principles or components relating to a particular field and working for a specified purpose. But the word system in the term „financial system‟ represents a set of closely held
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FINANCIAL INSTITUTIONS * Regarded as the suppliers of financial resources. * Enormous capital structure compared to other institutions (Educational and Religious) * Funds that they supply to the different markets do not originate totally from them but some come from the public source. * Their vast activities interlinked with the activities of other business organizations. * They are part of different aspects of the use and need of Financial Resources. INSTITUTIONS IN THE PHILIPPINE
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THE THEORY OF FINANCIAL INTERMEDIATION: AN ESSAY ON WHAT IT DOES (NOT) EXPLAIN by Bert Scholtens and Dick van Wensveen SUERF – The European Money and Finance Forum Vienna 2003 CIP The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain by Bert Scholtens‚ and Dick van Wensveen Vienna: SUERF (SUERF Studies: 2003/1) ISBN 3-902109-15-7 Keywords: Financial Intermediation‚ Corporate Finance‚ Assymetric Information‚ Economic Development‚ Risk Management‚ Value Creation‚ Risk
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Origin of Service Tax: Dr. Manmohan Singh‚ the then Union Finance Minister‚ in his Budget speech for the year 1994-95 introduced the new concept of Service Tax and stated that ’’ There is no sound reason for exempting services from taxation‚ therefore‚ I propose to make a modest effort in this direction by imposing a tax on services of telephones‚ non-life insurance and stock brokers.’’ Service Tax has been introduced in order to explore new avenues for taxation and to bring more people into the
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for my research project is “Topic No-8 - Business and financial performance over a three year period”. My choice for organization is “Lloyds Banking Group (LBG)”. I’ve made comparing LBG with its competitor Barclays Group to be meaningful analysis. 1.1.2 Reason for choosing topic area During my ACCA study‚ I like F7 (financial reporting) and P3 (Business Analysis) more than any other subjects. I’ve selected “Business and financial performance over 3 years periods” as my research project
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Instructor: Sudhir Suchak Management of Financial Institutions Telephone: 645-1781 Spring 2013: Alfiero 102 e-mail: suchak@buffalo.edu Office Hours: Mon. & Wed. 2:00 – 3:00pm; Mon. 4:00 – 6:00pm‚ or by appointment (Office: Jacobs 235) Course Objective: The Financial Services industry is very dynamic. Factors such as regulations‚ changes in interest rates and overall market and credit factors have a significant impact on the financial institutions performance. The purpose
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|Topic: “Describe the essential element to be a successful financial planner in Hong Kong and China. Explain the challenges of | |practicing ethical financial planning in Hong Kong and China.” | The financial climate is changing constantly with the changing of numerous influential factors. Financial planning is one of the financial industries which gradually developed from a vague concept to a recognized specialty. However
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report it takes through financial industry in the Berlin. Main objectives in the report are past and current situation in this industry‚ Economic trends and forecasts‚ Ecological and environmental challengers‚ political support‚ technological improvements‚ importance of culture and society and competitive environment in the finance industry in Berlin. Inside those points will be discussed banking service‚ investment services‚ foreign exchange service‚ and insurance services. Past and the current
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