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The financial services sector is critical to the global economy, influencing the lives of individuals, organizations, and entire nations. “The Financial Services Handbook: An Introductory Guide” is intended to provide a clear and complete overview of this diverse business. It is designed to cover a wide range of important issues, providing readers with insights into the numerous elements that comprise the financial services sector. The introduction to financial services lays the groundwork by explaining the nature and significance of financial services, assisting readers in understanding how they facilitate economic activity and promote economic progress. The section on the function of financial institutions in the economy investigates how banks, insurance firms, and other financial institutions contribute to global economic stability and development, with a focus on their roles in saving, lending, and risk management.
The study of insurance services dives into the ideas and types of insurance, emphasizing its importance in risk management for individuals and enterprises. The examination of investment services looks at various investment possibilities and techniques, emphasizing how they aid in wealth generation and financial planning. The section on non-banking financial firms (NBFCs) addresses the function of NBFCs in the financial ecosystem, with a focus on financial inclusion and loan delivery, particularly in developing nations. The overview of payment and settlement systems explains how these mechanisms help financial transactions run smoothly, both domestically and internationally. The issue of regulation and compliance in financial services is centered on the regulatory frameworks that control financial activity, ensuring stability and protecting consumer interests. The section on compliance standards for financial institutions discusses the precise compliance obligations that financial organizations must meet in order to operate legally and ethically. The discussion of anti-money laundering (AML) and know your customer (KYC) rules delves into worldwide norms and policies that prevent criminal activity in the financial sector, emphasizing the significance of openness and accountability. The focus on global financial services examines the interdependence of financial markets, the role of international financial institutions, and the difficulty of functioning in several regulatory contexts. Finally, the focus on ethics, corporate governance, and CSR in financial services emphasizes the necessity of ethical behavior, effective governance processes, and corporate social responsibility in maintaining industry trust and reputation.
This book is for students, professionals, and anybody who wants to grasp the fundamental and emerging features of financial services. It is intended to serve as a practical guide, bridging the gap between academic notions and real-world applications. We are grateful to everyone who helped make this book possible, and we hope it will be a useful resource for its readers, sparking deeper interest and understanding in this crucial topic.
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TITLE |
PAGE NO. |
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CHAPTER:01 |
INTRODUCTION TO FINANCIAL SERVICES |
1-22 |
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2 |
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3 |
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5 |
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9 |
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15 |
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18 |
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CHAPTER:02 |
ROLE OF FINANCIAL INSTITUTIONS IN THE ECONOMY |
23-38 |
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24 |
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24 |
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27 |
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29 |
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31 |
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35 |
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36 |
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37 |
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CHAPTER:03 |
INSURANCE SERVICES |
39-71 |
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40 |
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41 |
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61 |
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65 |
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CHAPTER:04 |
INVESTMENT SERVICES |
72-108 |
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73 |
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74 |
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79 |
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101 |
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CHAPTER:05 |
NON-BANKING FINANCIAL COMPANIES (NBFCs) |
109-139 |
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110 |
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110 |
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111 |
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116 |
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CHAPTER:06 |
PAYMENT AND SETTLEMENT SYSTEMS |
140-167 |
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141 |
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141 |
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153 |
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162 |
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CHAPTER:07 |
REGULATION AND COMPLIANCE IN FINANCIAL SERVICES |
168-186 |
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169 |
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169 |
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CHAPTER:08 |
COMPLIANCE REQUIREMENTS FOR FINANCIAL INSTITUTIONS |
187-201 |
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188 |
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188 |
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193 |
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194 |
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195 |
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200 |
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CHAPTER:09 |
REGULATIONS: ANTI-MONEY LAUNDERING (AML) AND KNOW YOUR CUSTOMER (KYC) |
202-226 |
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203 |
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203 |
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208 |
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CHAPTER:10 |
GLOBAL FINANCIAL SERVICES |
227-244 |
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228 |
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228 |
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Prof. P. Sanjay
Prof. P. Sanjay from IIM Sirmaur is a Finance Guru, being the most highly qualified IIM Professor in India with ten academic degrees including Phd from India, M.Phil from London Business School, UK (and is alumnus of London School of Economics and Political Science), MBA from University of Hawaii at Manoa, USA as an Asian Development Bank Scholar and JMP from USA and Japan. He is also a qualified Chartered Accountant, Company Secretary, Cost (Management) Accountant, LLB, M.Com and B.Com (Hons) from India. He is a Visiting Faculty at IIT Bombay and serves on the Board of Directors of a company. He has industry experience of over 20 years and has served as the Chief Financial Officer of a Fortune 50 MNC group company and as President of an Indian Company. His expertise is called upon by industry associations, regulators and government bodies on various financial and economic issues. His academic and professional excellence has been recognized with many awards and grants, including from Govt. of India, Govt. of Japan, Govt. of UK and Asian Development Bank.
Dr. Manish Sharma
Dr. Manish Sharma is an Assistant Professor at Maharaja Agrasen Institute of Management Studies, affiliated with GGSIPU. He has presented research papers at national and international conferences, with publications in SCOPUS, WOS, and ABDC Category B journals. He authored the book "Marketing of Financial Products and Services" and has trained Assistant Managers at Axis Bank. His teaching interests include Economics, Financial Modeling, Investment Analysis, and Financial Markets.
Rama Rani Mishra
Rama Rani Mishra is presently working as Assistant Professor in Management at Institute of Technology and Science Ghaziabad. She has 14 years of rich experience in academic and allied areas. She has over a decade of experience of teaching in Finance, Indian economy and International business. She has done her Master in Business Administration (Finance and International Business) from GGSIPU and Bachelor in Commerce from University of Delhi.
Dr. Joshi
Dr. Joshi has over 20 Years of work experience and the Academic, Consultancy, Corporate and Institutional Development. Dr. Joshi is engaged with International and National level institutions and universities. He has conducted and participated in Training Programs, Faculty Development Programs and MDP's on various topics related to Management for industry and society. He has travelled various places in India and abroad for research and institutional development activities. He has published more than 30 research papers, articles, case studies and reports at National and International level. He has presented more than 30 research papers in national and international conferences.
Prof. Jamakhandi Hayavadana
Prof. Jamakhandi Hayavadana graduated with a B.Tech in Textile Technology from Bangalore University in 1985, an M.Tech from PSG College of Technology, and a PhD from Anna University in 1998. He also holds an MBA from the University of Madras. With 38 years of academic and industrial experience, he has published numerous papers in national and international journals and holds two patents. His research focuses on mechanization of handloom, textile testing, and Lean Six Sigma applications. During his 28 years at Osmania University, he served as Professor and Head, guiding numerous Ph.D scholars and graduating 26 UG and 6 PG batches.
