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Our Industry

 

The Financial Sector ia as section of the company made up of firms and instiututions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance compnaies,and real estate firms.

The Financial sector service is a section incudes thousanss of depository institutions , providers of investment products,insurance companies, other credit and financing organisation and providers of the critical financial utilities and services that support these functions.

  What Are the 9 Major Types of Financial Institution? 

  • Central Banks.
  • Retail and Commercial Banks.
  • Internet Banks.
  • Credit Unions.
  • Savings and Loan Associations.
  • Investment Banks and Companies.
  • Brokerage Firms.
  • Insurance Companies. 

  Hear are the main types of financial services for you to customer :-

  • Banking. Banking includes handing deposits into checking and savings accounts, as well as lending money to customers. ...
  • Advisory. Expert advisory services help both people and organizations with a variety of tasks. ...
  • Wealth Management. ...
  • Mutual Funds. ...
  • Insurance

  What is the difference between bank and financial institution?

A non-banking financial institution offers a range of financial services. The main difference between the two types of financial institutions is that banking financial institutions can accept deposit into various savings and demand deposit accounts, which cannot be done by a non-banking financial institution.

  What are 3 functions of a bank?

Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.

  What are the importance of financial services?

Financial Services form a major part of the Gross Domestic Product. It ensures there is no shortage of funds for productive ventures. It reduces cost of transaction and borrowing by providing an adequate financial structure and system. It helps in making good financial decisions.

 

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