write an essay on financial services sector in India?
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Essay on Financial Intermediation:
It is a sort of indirect financing in which savers deposit funds with financial institutions rather than directly buying bonds or mortgages and the financial institutions, in turn, lend to the ultimate borrowers.
Financial intermediaries are in a better position than individuals to bear and spread the risks of primary security ownership.
Because of their large size, intermediaries can diversify their portfolios and minimize the risk involved in holding any one security.
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