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Merits & Demerits of Indian Financial Services CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
Economic Development Indian financial service promotes economic development by funding development projects from government and private bodies. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
PROVIDE FUNDS PROVIDE FUNDS Financial institution is a good source of medium and long-term finance. They provide both owned and borrowed capital to the organization CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
Employment Generation Employment Generation Financial institutions fund industry and infrastructure, generating jobs and leveraging available labor force for economic development and growth. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
Demerits Borrower’s Restrictions Borrower’s Restrictions The borrowing company's authority is limited by the financial institutions' right to appoint a representative to the Board of Directors. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
TIME-CONSUMING TIME-CONSUMING PROCESSES PROCESSES Financial institutions have a strict application process that requires a tonne of paperwork. The process becomes costly and time- consuming as a result. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
COMPLEX PROCESS COMPLEX PROCESS The process of granting loans by Financial Institutions is rigid and involves lots of paperwork. This makes the process time- consuming and expensive. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
Restriction on the Borrower Restriction on the Borrower Financial institutions exercise control via board representation, limiting company autonomy, and may influence dividend distribution decisions, affecting company operations. CONTACT US : 6361154717 VISIT US: www.annapoornaapt.com
Offer Safety Depositing money in banks ensures security and government protection. Earn interest with deposit accounts or invest in stocks through brokerages. CONTACT US : 6361154717
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