Academics and policymakers have shown an increasing interest in the role that a well-developed financial sector might play in defining a path of economic development characterized by sustainable, long-run economic growth. Theoretical modeling has suggested the importance to growth of a highly developed banking industry and capital markets. Extensive empirical evidence has corroborated this hypothesis. The research focus is now directed toward a deeper understanding of the mechanics of the relationship between financial development and economic growth.
Financial services industry is expanding its scope keeping the same objective at place. On one hand, experts are thinking about broadening the financial services structure; whereas, on other hand, market is witnessed by intense competition. Thus, customers across the globe are benefited from various Innovative Financial Services which is a key solution for all these issues. Innovations in the industry are imperative for the augmentation of financial services sector.
This book, which has been written in line with the revised syllabus of T.Y. BMS of Mumbai University, is an attempt to provide the basic knowledge to the learners about the innovative financial services and the related recent developments in India.
The book is unique in its presentation and style. It has been tried to present the matter in as clear and simple manner as possible to make it intelligible to each and every student.
Contents –
UNIT I
1. Financial Services
2. Factoring and Forfaiting
3. Bills Discounting
UNIT II
4. Issue Management and Intermediaries
5. Stock Broking
6. Stock Trading (Cash and Normal) and DerivativeTrading
7. Securitization
UNIT III
8. Lease and Hire Purchase
9. Housing Finance
10. Venture Capital
UNIT IV
11. Consumer Finance
12. Plastic Money
13. Credit Rating
14. Practical Problems
