Indian Financial System

A REPORT ON
Financial services
for

Submitted to
INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM)
CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT)
CHANGA

Prepared by
Sandip Kanani
ID No.: 10MBA036
M.B.A. Third Year

Under the Guidance of
Prof. Gaurang Badheka
Assistant Professor

INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM)
CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT)
AT. & PO. CHANGA – 388 421 TA: PETLAD DIST. ANAND, GUJARAT




Introduction
The financial services sector in India has witnessed a fundamental transformation since the country was liberalized. India, in the last few years, has emerged as the one of the most rapidly growing economies across the globe. The financial services market is growing rapidly, and there is significant potential for further growth.
The financial services sector includes broking firms, investment services, national banks, private banks, mutual funds, car and home loans, and equity market.
Financial services such as financial planning, management consultancy, audit services, financial assistance and help to stock markets in India. Financial services also provides information related to companies in India providing financial and accounting services, book keeping services, tax services and insurance services. The major services are as following:
  * Government Banks
  * Other Banking Services
  * Private Banks  
  * Insurance
  * Investment Services
  * Mutual Funds
  * Stock Exchange
  * Venture capital
Financial Sector Reforms
Financial sector reforms are at the centre stage of the economic liberalization that was initiated in India in mid 1991. This is partly because the economic reform process itself took place amidst two serious crises involving the financial sector:
  * The balance of payments crisis that threatened the international credibility of the country
and pushed it to the brink of default; and
  * The grave threat of insolvency...