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What are the 7 types of financial services?

What are the 7 types of financial services?

These financial services are explained below:

  • Banking. The banking industry is the backbone of India’s financial services industry.
  • Professional Advisory.
  • Wealth Management.
  • Mutual Funds.
  • Insurance.
  • Stock Market.
  • Treasury/Debt Instruments.
  • Tax/Audit Consulting.

Who is the best financer in India?

Top 10 Finance Companies in India

  • Ebix Cash World Money India Ltd. (
  • Housing Development Finance Corporation Ltd. ( HDFC)
  • L Infrastructure Finance Co. Ltd.
  • LIC Housing Finance Ltd.
  • Mahindra & Mahindra Financial Services Ltd.
  • Muthoot Finance Ltd.
  • Power Finance Corporation Ltd.
  • Tata Capital Financeial Services Ltd.

Which is better NBFC or bank?

Why are NBFC better than banks? As compared to banks, NBFCs follow more flexible approach to avail a business loan. They make it easy for the customers to avail fast and quick financing. Inspite of having a low credit score one can effortlessly avail for a business loan from a leading NBFC like Ziploan.

Which is the best finance company in India?

Bajaj Finance is one of the ten best finance companies in India, is said to be a pioneer in launching interest- free easy monthly installment (EMI) options in more than fifty categories of purchaser’s durables to groceries to lifestyle products and many more. BFL is headquartered in Pune, Maharashtra.

What are the different types of financial services in India?

Financial services provided by finance companies include insurance, housing financing, mutual funds, credit reporting, debt collection, stock broking, portfolio management, and investment advisory.

Which is the largest housing finance company in India?

Established since 1989, LIC Housing Finance Ltd (LIC HFL) is one of the largest Housing Finance Companies in India. Its principal objective is to provide long term finance to consumers who want to purchase or construct a house for residential purposes. LIC HFL went public in 1994]

Which is the largest non-banking financial company in India?

HDB Financial Services is operated by India’s largest private sector HDFC Bank. It offers a variety of secured and non-secured financial loans through a network of more than 1,000 branches in 22 Indian states and 3 Union Territories.