Professional Documents
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Stock Exchanges of India
Stock Exchanges of India
Introduction
An institution which collects funds from public and places them in financial assets ,such as deposits,loans & bonds rather than in tangible assets.
Depository
NonDepository
Commercial banks
Saving Institutions
Credit Union
Finance Companies
Security Firms
Insurance Companies
Facilitates flow of money in the economy. Provides service as intermediaries of financial markets. Responsible for transferring funds from investors to companies. Risk transformation.
Importance
Plays crucial role in the development of enterprises. Act as a catalyst for promotion of investment. To provide short term as well as long term fund requirements.
Conclusion
Financial institution plays indispensible role for long term growth of the economy. .