Paper Details

Finance is life blood of any economy. In India, financial services industry is growing rapidly. The economic liberalization has brought in a complete transformation in the Indian financial services industry. Prior to the economic liberalization, the Indian financial service sector was characterized by various other factors, which was related to the growth of this sector. The term financial services in its broader sense refers to- mobilizing and allocation of savings‘‘. It is identified as all those activities involved in the process of converting savings into investment. Financial services also include Commercial banks, Insurance Companies etc. Indian financial services industry comprises several key sub-segments such as financial Intermediaries such as Merchant Bankers, Venture capitalists,, Mutual Funds, Pension Funds, Insurance companies, stock-brokers, financial advisory companies, and commercial banks- ranging from small domestic players to large multinational companies. These financial service providers support to individuals, private businesses and public organizations. Present paper is descriptive Research paper based on secondary data .Objective of paper is to study new avenues in financial services.

Financial services, Govt., India