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MERCHANT BANKING AND FINANCIAL SERVICES

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Financial Services:
The Indian economy is estimated to have grown by 7.4 per cent in 2009-10. According to the latest
Central Statistical Organisation (CSO) data, financial services, banking, insurance and real estate
sectors rose by 9.7 per cent in 2009-10.
As per the Securities and Exchange Board of India (SEBI), number of registered Foreign Institutional
Investors (FIIs) as on May 31, 2010 was 1710 and the cumulative investments in equity since
November 1992 to May 31, 2010, was US$ 77.2 billion , while the cumulative investments in debt
during the same period were US$ 13.4 billion . The total FII inflow in equity during January to May
2010 was US$ 4.6 billion while it was US$ 5.9 billion in debt. Net investment made by FIIs in equity
between June 1, 2010 and June 14, 2010 was US$ 530.05 million while it was US$ 875.73 million in
debt, as per the latest data released by SEBI.
The financial sector has gone through a complex and sometimes painful process of restructuring,
capitalising on new opportunities as well as responding to new challenges.
Several new instruments and products have been introduced.
This has given a strong impetus to the development and modernization of the financial sector. New
players have adopted international best practices and modern technology to offer a more sophisticated
range of financial services to corporate and retail customers.
The entry of new players has led to even existing players upgrading their product offerings and
distribution channels
Over the past few years, the sector has also witnessed substantial progress in regulation and
supervision. Financial intermediaries have gradually moved to internationally acceptable norms for
income recognition, asset classification, and provisioning and capital adequacy.
List of companies:
SBI capital markets
Bajaj Capital Ltd
Birla Global Finance
Telecom Sector:
The Indian Telecommunications network with 621 million connections (as on March 2010) is the third largest in
the world. The sector is growing at a speed of 45% during the recent years. This rapid growth is possible due to
various proactive and positive decisions of the Government and contribution of both by the public and the private
sectors. The rapid strides in the telecom sector have been facilitated by liberal policies of the Government that
provides easy market access for telecom equipment and a fair regulatory framework for offering telecom services
to the Indian consumers at affordable prices. Presently, all the telecom services have been opened for private
participation. The Government has taken following main initiatives for the growth of the Telecom Sector:

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Financial Services: The Indian economy is estimated to have grown by 7.4 per cent in 2009-10. According to the latest Central Statistical Organisation (CSO) data, financial services, banking, insurance and real estate sectors rose by 9.7 per cent in 2009-10. As per the Securities and Exchange Boa ...
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