What exactly does financial services mean? What is financial services and financial products? What are some examples of financial services? What do financial services include? See all full list on accountlearning.
Given below are the various types of financial services which one can expect getting from financial institutions –. Examples are the Banks, investment banks, insurance companies, credit card companies and stock brokerages. These are the types of firms comprising the market, that provide a variety of money and investment related services. For hundreds of years, financial services were rendered and used physically.
Personalized financial and banking services that are traditionally offered to a bank’s digital, high net worth individuals (HNWIs). For wealth management purposes, HNWIs have accrued far more wealth than the average person, and therefore have the means to access a larger variety of conventional and alternative investments. It plays a crucial role in allocating limited resources, in the country’s economy. Definition of Lease: World over leasing has emerged as an innovative technique of financing industrial equipment.
In India leasing has been developed as an important supplementary source of finance and is gaining increased acceptance from the industries.