Structure of indian financial system notes
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Indian Financial System
The basic structure of Indian Financial System is divided into four components which are:
Financial ServicesMoney
Financial Markets
Financial Instruments
Financial Institutions
Financial Services
As the name suggests financial services are the services provided by the Financial Institutions. These services generally include the banking services, Foreign exchange services, investment services, insurance services and few others. Following is a very brief description of the services
Banking Services – Includes all the operations provided by the banks including to the simple deposit and withdrawal of money to the issue of loans, credit cards etc.
Foreign Exchange services – this includes the currency exchange, foreign exchange banking or the wire transfer
Investment Services – It generally includes the asset management, hedge fund management and the custody services
Insurance Services – It deals with the selling of insurance policies, brokerages, insurance underwriting or the reinsurance
Some of the other services include the advisory services, venture capital, angel investment etc.
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