![]() ![]() To provide merger and acquisition services, in which the institute helps a company to join or purchase another company.To provide underwriting services to public and private funds, in which in case of any damage or financial loss to the company, the investment bank guarantees the financial payment. ![]() The important functions of these banks are: Investment Banking: Investment banks are special types of banks which work for the trading of stocks and bonds for companies. To provide for safe internet banking facilities to make banking easily accessible at all times.To enable the transfer of funds between the same or different banks via electronic fund transfer, issue demand drafts, allow withdrawal of money by ATMs, etc.To offer loans to individuals and companies like personal loans, commercial loans and mortgage loans.To provide interest on deposits, issue cheque books, credit cards, debit cards, keep safe the depositors’ money and valuable items like gold.The key functions of a bank are mentioned as follows: Banks are the most stable financial services companies in a company. Let us discuss these services individually.īanks: (Commercial banks) The institutions for opening accounts, accepting public deposits, lending credit in the form of loans are the main functions of a bank. The types of companies that comprise this sector are banks, insurance companies, non-banking financial companies, investment companies, credit and loan companies, brokers, etc. Financial services are those dealing with money as a commodity. The economy runs on coordination among various sectors one of which is the financial services sector. ![]()
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