19-11-2012, 02:16 PM
A ORGANIZATIONAL STUDY OF GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED
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GLOBAL SCENARIO
The financial sector is in a process of rapid transformation. Reforms are continuing globally as part of the overall structural reforms aimed at improving the productivity and efficiency of the economy in the highly competitive world. The role of an integrated financial infrastructure is to stimulate and sustain economic growth. The US$ 28 billion Indian financial sector has grown at around 15 per cent and has displayed stability for the last several years, even when other markets in the Asian region were facing a crisis. This stability has come through the resilience that the In-country system and the finance companies have built over these years. The financial sector has kept pace with the growing needs of corporate and other borrowers. Banks, capital market participants and insurers have developed a wide range of products and services to suit varied customer requirements.
INDIAN SCENARIO
FINANANCIAL SERVICE IN INDIA
In last few years, India has emerged as the one of the most rapidly growing economies in the world. India has been categorized with national like Brazil, Russia, and China (BRIC Nations) who are going to the prime drives of the world economy in the next few decades. Since the time, India first opened its gates to foreign investment (FDI &FII) there has been a complete turnaround. Now the traditional Hindu rate of growth is a thing of past and clocking 8% to 9% GDP growth rate is the common norm. India along with other Asian power house china makes for the fastest growing nations in the entire world.
Even if we taking the case of ongoing global recession India has managed to perform far better than other nations. Right from banking system to financial regularities, the country has thrived on discipline and out-performance. The booming Indian economy resulted in widespread growth and arrival of new industries, the most sparkling phenomenon is in form of financial market of India.
Financial service in India has taken a giant leap from the days of standing in the banks queue for several hours for opening a savings account or trying to get some fixed deposits (FD) done. The financial services have increased manifold and now people have the choice to choose the most suitably fits the bill.
INDIAN STOCK MARKET
The India stock and invest market is mainly divided into 2 parts, namely the capital market and the money market. The stock market is an important part of the capital market in the country through which one can carry out the transaction of capital. It is usually done through the means of direct financing through the use of security and investment. The investment market can further be sub divided into the primary and secondary market.
FEATURES OF THE PRIMARY MARKET
In case of the primary market, the listed shares are traded for the first time which is transferred to the investors from the listed company. In case of primary market, the stock issuers and the listed companies make use of the capital by offering the stocks to the investors. The investors in turn, buy shares and supply the needed capital. In simple terms, the primary market is a type of platform where new securities and stocks are deal with. The primary market can be an ideal source funding for various business enterprises and companies, public sector units and government organizations. All the organizations can make the funding by selling new bonds, stocks and other forms of securities. The buying and selling of the securities are sold to the investors, I am known as initial public offering (IPO). In the most cases, the dealers who carry out the process get a sum of money in the form of a commission. The terms and conditions of the commission are based on the price offering of the securities.
FEATURES OF SECONDARY MARKET
An important part of the Indian stock and investment market is the secondary market. In simply terms, it is also known as the stock market. Mainly it is the secondary market. In simple terms, it is also known as the stock market. Mainly it is a type of continuous market which offer very good platform for trading and business of securities and stocks. In the most cases, the trading has to be done through a licensed broker, stock and securities units, security firms and other financial institutions.
BOMBAY STOCK EXCHANGE
The Bombay Stock Exchange (BSE),also known as the oldest stock exchanges in Asia and is credited with the operation of the most number of listed companies in the world. Incepted in the year 1875, it has a listing of more than 4,700 companies. It is located in Dalal Street area of the city of Mumbai, the financial capital of India.
The BSE is owned by the Bombay Stock Exchange Limited and has a market cap amount of around US&1.1 trillion whole the volume of the stock exchange is around US& 980 billion. The currency type which is dealt in the BSE is Indian National Rupees (INR). The index on which the stock exchange operates is the BSE SENSEX, also referred to as sensitive index. The sensex is popularly known as BSE 30.
NATIONAL STOCK EXCHANGE
The National Stock Exchange of India, also referred to as NSE is also located in Mumbai. It is the largest exchange in India in terms of the number of trades and the daily turnover. The capitalization amount of NSE amounts to Rs 47, 01,923 corers. According to the economist experts, it is expected to become the largest stock by the end of the year 2009. The key index of the NSE is known as S&P CNX Nifty and is based on INR. The NSE has around 2799 VAST terminals covered around 1500 cities.