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Introduction on Finance Industry

The financial services industry encompasses many types of businesses involved in managing money, and it plays a vital intermediary role in the world economy. The industry as a whole is vast, and includes companies engaged in activities such as investing, lending, insuring, securities trading and issuance, asset management, advising, accounting, foreign exchange, and more. Because of its large and diverse landscape, the financial services industry offers a wide range of career options.

Retail and Commercial Banking

These types of institutions offer checking and savings accounts, accept deposits, lend money, issue credit and debit cards, perform foreign currency exchanges, and offer other basic financial products to individuals and businesses.

Investment Banking

Essentially, investment banks are intermediaries that help companies access capital markets, such as the stock and bond markets. Investment banks generally handle more complex financial transactions, such as facilitating company mergers and acquisitions, issuing shares of stock when a company goes public, acting as an advisor for companies, securities trading, underwriting new debt and equity securities, and performing financial research.

Venture Capital and Private Equity

These types of businesses involve investing money in private companies in exchange for partial ownership or a percentage of the profit. Venture capitalists usually focus on startups in their early stages with hopes of selling them once they become profitable.


Accounting is another broad subsector within the financial services industry. In general, accountants record, maintain, and analyze financial accounts for individuals, companies, nonprofit organizations, or government agencies.


The insurance subsector of the financial services industry exists to help individuals and businesses calculate and mitigate potential risks for financial loss.

Financial Industry: History

India once had a heavily government-dominated financial services industry, and most services were provided by nationalised banks. Financial sector reforms were initiated in 1991 with the aim of accelerating economic growth.

In the following years, industry and service sectors were opened up for foreign direct investment. The reforms ended the dominance of the public sector and reduced direct government control on industrial investments.

Financial sector reforms in India have improved resource mobilisations and allocation. The liberalisation of interest rates and the easing of cash reserve norms have helped make funds available to various sectors.

However, prudential norms have been tightened and transparency and regulation increased to avoid a systemic collapse that other countries have suffered.

Tata Capital Financial Services Ltd


Tata Capital Financial Services Limited ("TCFSL") is a subsidiary of Tata Capital limited. The Company is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Non Banking Financial Company (NBFC) and offers fund and fee-based financial services to its customers, under the Tata Capital brand.

A trusted and customer- centric, one-stop financial services provider, TCFSL caters to the diverse needs of retail, corporate and institutional customers, across various areas of business namely the Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans and distribution and marketing of Tata Cards. TCFSL has over 100 branches spanning all critical markets in India. Vision: The most admired financial solution partner

Mission: We will only do what’s right - for all our stakeholders, including our employees, customers and society at large.

History and Background of Tata capital Financial services Limited

The company was incorporated in 2010 and is headquartered in Mumbai, India. Tata Capital Financial Services Limited is a subsidiary of Tata Capital Limited. As of June 30, 2018, it operated 134 offices in 23 states. It has employee base of 2612 employees.

It operates through Financing Activity, Investment Activity, and Others segments. The company offers loans for new and used cars. It also provides two wheeler, personal, and consumer durable loans. In addition, the company offers loan against property and securities; wealth products distribution services; and investment advisory services comprising portfolio advisory, financial planning, retirement planning, estate planning and trusteeship, and tax planning and advisory services. Further, it provides commercial finance products and services consisting of term loans, channel finance, debt syndication, structured finance, loan against securities, equipment finance, lease rental discounting, working capital demand loan, bill discounting, letter of credit, and equipment finance and lease solutions for large, medium, and small corporate customers. Additionally, the company offers infrastructure finance; wealth management service; and Tata Card, a white label credit card.

Board of Directors Mr. M. D. Mallya (Non – Executive Director) Mr. Mukund S. Dharmadhikari (Independent Director) Ms. Anuradha E. Thakur (Independent Director) Mr. Farokh Nariman Subedar (Non – Executive Director) Mr. Rajiv Sabharwal (Non-Executive Director) Mr. Kusal Roy (Managing Director)

Product and Services of Finance Industry.


Merchant banking can be defined as a skill-oriented professional service provided by merchant banks to their clients, concerning their financial needs, for adequate consideration, in the form of fee.

Merchant banks are a specialist in international trade and thus, offers a range of financial and consultancy services, to the customers, which are related to:

Marketing and underwriting of the new issue.

Merger and acquisition related services.

Advisory services, for raising funds.

Management of customer security.

Project promotion and project finance.

Investment banking

Portfolio Services

Insurance Services.

Merchant banking helps in reinforcing the economic development of the country, by acting as a source of funds and information to the business entities.

Any person, indulged in issue management business by making arrangements with respect to trade and subscription of securities or by playing the role of manager/consultant or by providing advisory services, is known as a merchant banker.


A lease can be defined as an arrangement between the lessor (owner of the asset) and the lessee (user of the asset) whereby the lessor purchases an asset for the lessee and allows him to use it in exchange for periodical payments called lease rentals or minimum lease payments (MLP). Leasing is beneficial to both the parties for availing tax benefits or doing tax planning. At the conclusion of the lease period, the asset goes back to the lessor (the owner) in an absence of any other provision in the contract regarding compulsory buying of the asset by the lessee (the user). There are four different things possible post-termination of the lease agreement. The lease is renewed by the lessee perpetually or for a definite period of time. The asset goes back to the lessor. The asset comes back to the lessor and he sells it off to a third party. Lessor sells to the lessee.


Bill Discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends. This bill is then presented to

seller's customer and full amount is collected. Bill Discounting is mostly applicable in scenarios when a buyer buys goods from the seller and the payment is to be made through letter of credit.

When a buyer buys goods from the seller, the payment is usually made through letter of credit. The credit period may vary from 30 days to 120 days. Depending upon the credit worthiness of the buyer, the bank discounts the amount that needs to be paid at the end of credit period. Bill Discounting is also known as Invoice Discounting.

It means that the bank will charge the interest amount for the credit period as an advance from the buyer’s account. After that, the bill amount is paid as per the end of the time span with respect to the agreed upon document between the buyer and seller.

Bill Discounting is a major trade activity. It helps the seller's get funds earlier on a small fees or discount. It also helps the bank earn some revenue. The borrower or (seller's) customer can pay money on the due date of the credit period.


Factoring is a financial service in which the business entity sells its bill

receivables to a third party at a discount in order to raise funds. It

from invoice discounting. The concept of invoice discounting involves, getting the invoice discounted at a certain rate to get the funds, whereas the concept of factoring is broader. Factoring involves the selling of all the accounts receivable to an outside agency. Such agency is called a factor.

The seller makes the sale of goods or services and generates invoices for the same. The business then sells all its invoices to a third party called the factor. The factor pays the seller, after deducting some discount on the invoice value. The rate of discount in factoring ranges from 2 to 6 percent. The factor does not make the payment of all invoices immediately to the seller. Rather, it pays only up to 75 to 80 percent of invoice value after deducting the discount. The remaining 20 to 25 percent of the invoice value is paid after the factor receives the payments from the seller’s customers.


The terms forfeiting is originated from a old French word ‘forfait’, which

means to surrender ones right on something to someone else.


international trade, forfeiting may be defined

as the purchasing



exporter’s receivables at a discount price by paying cash. By buying these receivables, the forfeiter frees the exporter from credit and the risk of not receiving the payment from the importer.

The exporter and importer negotiate according to the proposed export sales contract. Then the exporter approaches the forfeiter to ascertain the terms of forfeiting. After collecting the details about the importer, and other necessary documents, forfeiter estimates risk involved in it and then quotes the discount rate.

The exporter then quotes a contract price to the overseas buyer by loading the discount rate and commitment fee on the sales price of the goods to be exported and sign a contract with the forfeiter. Export takes place against documents guaranteed by the importer’s bank and discounts the bill with the forfeiter and presents the same to the importer for payment on due date.

The forfeiting typically involves





1. Commitment fee, payable by the exporter to the forfeiter ‘for latter’s’

commitment to execute a specific forfeiting transaction at a firm discount rate within a specified time.

2. Discount fee, interest payable by the exporter for the entire period of credit involved and deducted by the forfaiter from the amount paid to the exporter against the availised promissory notes or bills of exchange.


Securitization is a carefully structured process by which a pool of loans and other receivables are packaged and sold in the form of asset-backed securities to the investors to raise the required funds from them. Through this process relatively illiquid assets are converted into securities. Securitization falls under the broad category termed as structured finance transactions.

Structured finance refers to securities where the promise to repay the investors is backed by the value of the underlying financial asset or the credit support of a third party to the transaction or some combination of the two. Thus, securitization is nothing but liquefying assets comprising loans and receivables of an institution through systematic issuance of financial instruments.


A mutual fund is formed when capital collected from different investors is invested in company shares, stocks or bonds. Shared by thousands of investors, a mutual fund is managed collectively to earn the highest possible returns. The person driving this investment vehicle is a professional fund manager.

A Mutual fund features

Money pooled from various individuals (investors)

Well-regulated (by SEBI)

Access to large portfolios

Professionally Managed

Higher returns than conventional investing

Allows to invest in small amounts


A credit card is a card issued by a financial company which enables the cardholder to borrow funds. The funds may be used as payment for goods and services. Issuance of credit cards has the condition that the cardholder will pay back the original, borrowed amount plus any additional agreed-

upon charges. The credit company provider may also grant

(LOC) to the cardholder

(LOC) to the cardholder

the form of a cash advance.


which allows the holder to borrow money in

The issuer pre-sets borrowing limits which have

a basis on the individual's credit rating.

Credit cards have higher

(APRs) than other forms of

consumer loans and lines of credit. Interest charges on the unpaid amount charged to the card usually begin one month after making a purchase.


Hire purchase is an arrangement for buying expensive consumer goods


credit, where the buyer makes an initial

down payment, with the balance

being paid in instalments plus interest. It is similar to an instalment plan, except unlike instalment plans, where the buyer gets the ownership rights as soon as the contract is signed with the seller, the ownership of the merchandise is not officially transferred to the buyer until all the payments have been made.

Businesses where expensive machinery is required, such as construction, manufacturing, plant hire, printing, road freight, transport, engineering and professional services commonly use hire purchase agreements — as well as

startups that have little collateral to establish lines of credit. Like leasing,

hire purchase allows companies with insufficient assets.

to deploy


A credit rating agency (CRA) is a company that rates debtors on the basis of their ability to pay back their interests and loan amount on time and the probability of them defaulting. These agencies may also analyse the creditworthiness of debt issuers and provide credit ratings to only organisations and not individuals consumers. The assessed entities may be companies, special purpose entities, state governments, local governmental bodies, non-profit organisations and even countries. Individual customers

are rated by specialised agencies known as credit bureaus that

to every customer based on his/her financial history.

The debt instruments rated by CRAs include

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preferred stock, and collateralized securities,

such as



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Credit rating agencies in India do not have a distant past. They came into

existence in the second half of the 1980s. As of now, there are six

rating agencies registered under SEBI namely, CRISIL, ICRA, CARE, SMERA, Fitch India and Brickwork Ratings. Ratings provided by these agencies determine the nature and integrals of the loan. Higher the credit rating, lower is the rate of interest offered to the organisation.


It is a private or institutional investment made into early-stage / start-up companies (new ventures). As defined, ventures involve risk (having uncertain outcome) in the expectation of a sizeable gain. Venture Capital is money invested in businesses that are small; or exist only as an initiative, but have huge potential to grow. The people who invest this money are called venture capitalists (VCs). The venture capital investment is made when a venture capitalist buys shares of such a company and becomes a financial partner in the business.

Venture Capital investment is also referred to risk capital or patient risk capital, as it includes the risk of losing the money if the venture doesn’t succeed and takes medium to long term period for the investments to fructify.

Features of Venture Capital investments

High Risk

Lack of Liquidity

Long term horizon

Equity participation and capital gains

Venture capital investments are made in innovative projects

Suppliers of venture capital participate in the management of the company


Credit derivatives are financial instruments that transfer credit risk of an underlying portfolio of securities from one party to another party without transferring the underlying portfolio. Let's break this down to get a clearer picture.

When a lender lends money to a borrower, the lender is faced with the risk that the borrower won't pay that money back. This is called the credit risk. It determines the credit ratings of the bonds issued by companies to raise debt.

So, how is the credit risk transferred? The lender sells this loan to other parties who are seeking to invest in debt securities. These buyers get interest payments from the lender. Once the buyers purchase these special investment vehicles, the credit risk gets transferred to them, but the loans remain on the books of the original lender. These investment vehicles are

what we call

credit derivatives.


Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre existing relationship.

Products & Services of Tata Capital Financial Services Ltd

Two Wheeler Loans

Tata Capital offers Two Wheeler Loans at attractive interest rates. It provides two wheeler for as low as Rs.43* per day along with quick processing and hassle free documentation.

Key Features:

Special reduced rates

Up to 85% funding of the on-road price

Hassle free documentation

Speedy processing

High - End Bike Loans

TCFSL is presenting Two Wheeler Loans for super bikes with attractive payback options to suit your needs.

Key Features:

Flexible repayment options

Loan upto Rs. 40 lakhs

Hassle free documentation

Attractive interest rates

Personal Loans

TCFSL provides loan for holiday abroad, a wedding in the family , a business need or any personal need - with Tata Capital Personal Loans.

Key Features:

Personal Loans up to Rs 15 lakhs

Business Loans up to Rs. 50 lakhs

Attractive interest rates

No hidden charges

Loan against Property

Loans against Property are secured-term- loans, secured by the mortgage of property. The end-use of this loan should be towards any declared legal purpose. The various types of Loans against Property are as follows:

Loan for personal/business/educational needs against existing property Loan for acquisition of commercial property

Loan against future rental receivables

Key Highlights

Loans from

 Loans from 5 Lakhs up to 5 Crores

5 Lakhs up to

 Loans from 5 Lakhs up to 5 Crores

5 Crores

Simple documentation

100% transparency

Attractive interest rates

Easy monthly repayment through ECS or PDCs

Loan tenure of up to 15 years

Consumer Durable Loans

At Tata Capital, customers are the centre of our world and they offer a wide range of products to make sure their world is both comfortable and secure.

They provide Tata Capital Consumer Durable Loans at 0% ^ Interest with EMI options to suit your needs best, bringing your dreams within reach. And all you need is your PAN card and residence proof.

Documents Required Photograph PAN Card Residence proof

Loan against Securities

Tata Capital introduces Loan Against Securities (LAS). LAS offering doubles the benefits you can enjoy Equity or Mutual Fund investments - you can now get ready liquidity on your securities, while continuing to earn returns on them. Now you can take care of your financial needs without liquidating your investments.

Benefits of taking a loan against securities:

1. It helps you meet all your immediate financial needs without selling your securities

  • 2. You can also enjoy all benefits of being a Share/ Mutual Fund/ Securities holder like Bonus, Dividends etc.

  • 3. Any time pre-payment

  • 4. Interest calculated only on the amount withdrawn

  • 5. Option to avail additional finance by pledging more Shares, Mutual Fund units or Securities

  • 6. Security swapping- Flexibility to swap securities as per your outlook on the stock market while enjoying the benefits of Dividends, Bonus and Right Issues

Product offer:

Loan facility offered on approved Scrips and Mutual Funds to the extent of 40-70% of the market value/net Asset Value (NAV)

Interest charged only on amount utilized

Monthly repayment of only the Interest component, the Principal needs to be repaid at the end of the term

Loan amount available as an over draft facility

Monthly interest payment by way of ECS or PDCs

Investment Advisory Services

Tata Capital Financial Services Limited is a SEBI registered Investment Adviser under the (Investment Advisers) Regulations, 2013. Being governed by the regulations, one of the most distinct features of our services are:

Unbiased independent recommendations

No obligation of investing through us; Services includes:

  • 1. Portfolio Advisory Services

  • 2. Financial Planning Services

  • 3. Retirement Planning Services

  • 4. Estate Planning & Trusteeship Services*

  • 5. Tax Planning & Advisory Services*

*This is a third party service offering where Tata Capital Financial Services is merely acting as a referral agent.

Tata Card

A card that puts YOU first!

Tata Card* combines the benefits of a globally accepted Credit Card with the advantages of a highly rewarding Empower program.

Empower is India’s first multi-brand loyalty program which offers you the option to earn accelerated points on your Tata Card across a wide range of shopping categories and brands. Further, the redemption of these points is made easy via the facility to redeem against in-store purchases at our partner outlets.

Key Features:

Higher value back of up to 5% when you shop at Partner Brands

Instant redemption of Reward Points at participating outlets

Convertibility of Reward Points to airline miles

Reward Points: Faster build- up of Reward Points. Each point is worth Re. 1

*Tata Card is a White Label Credit Card issued, operated and serviced by the State Bank of India (“SBI”) and marketed by TCSFL

Commercial Finance

The Commercial Finance from Tata Capital provides financial solutions for large, medium & small Corporate. We also provide solutions for emerging business areas. Our products and services are tailored to suit the business requirement, market conditions and entity size, to ensure our clients achieve what they aspire for.

Our asset-based business loans are just one facet of our commercial finance solutions.

Our solutions also include business loans to help improve cash flow, debt consolidation, working capital finance, debt restructuring and more.

Our experienced professionals work closely to understand your business and then, structure for you the best financing solution.

Our range of offerings includes:

Term Loans

Term loans aid in providing finance for acquiring income producing assets (such as machinery, equipment and inventory) in order to generate cash flows for the repayment of loans.

Key Features


















improvements, large capital investments (such as machinery and working capital) and the purchase of existing businesses. Loan tenure varies from 3 months to 5 years.

Maximum funding upto 100% of value of asset

Solutions oriented approach to structure products to match your every need

Simple documentation and quick approvals

Working Capital Loans

Working Capital Loans from Tata Capital could provide




dependable source of funding to continuously scale your business to new


Key Features

These loans can be used to pay your daily business running expenses such as rent, utilities, marketing expenses, inventory, employee salaries or mortgage payments.

We offer you working capital finance by way of WCTL or WCDL, after carefully assessing your business needs and risk profile

Our fund and non-fund based Product basket including Letters of Credit, Buyers Credit

Bill Discounting:

TCFSL understands an entrepreneur's needs for short-term finances when it comes to supplying to large corporate. Which is why, they offer Bill/Invoice discounting services that gives access to funds at competitive rates. Additionally, minimal paperwork and quick transaction makes this an ideal way to meet working capital needs.

The Tata Capital Advantage

Quick Processing: With simple documentation and quick processing, you'll receive your loan in no time.

Paperless Transactions

Payment Flexibility: They allow you to spread out payments over a flexible time period, for your convenience.

Channel Finance:

Tata Capital's Channel Finance through its dealer financing services ensures timely availability of finance at reasonable cost, which means a healthy and continuous growth of your business.

The Tata Capital Advantage

Flexible Tenure: They allow you to spread out payments over a flexible time period, for your convenience.

Quick Processing: With simple documentation and quick processing, you'll receive your loan in no time.

Letter of Credit:

Tata Capital, through its relationships with multiple associate banks, offers a Letter of Credit facility which arms you with a guarantee of payment. This is especially useful while you navigate the complexities of overseas trading operations. They also offer you LC discounting facility against a confirmed Bank LC, to enable you to instantly monetize your credit receivables at attractive rates. Making your international business operations run smooth.

Usance LC is deferred payment for 1-3 years and customers pay on the maturity date. In case of Sight LC, Sight LC gets converted into BC for 3 years on LC Maturity date with option of rollover at the end of every 6 months or 12 months and customers have options to Repay and clear the foreign currency liability partially or fully.

Key Features

Offers two types of Letters of Credit: Sight & Usance LC, both inland & foreign

Financing up to 100% of LC value

Convenience of payment as per LC terms

Lease Rental Discounting:

The Lease Rental Discounting solutions from Tata Capital allow you to secure financing against future rentals on your commercial properties which are leased out.

Key Features

Loan tenure varies from 12 months to 108 months.

Customized Product offering

Simple documentation

Attractive interest rates

Equipment Finance:

Tata Capital provides Equipment Finance to allow you to purchase a wide range of equipment from heavy machinery to office equipment. The knowledge of the Indian business environment coupled with their associations with the major equipment manufacturers would enable us to customize solutions for your business.

Key Features

Can be structured as a Loan or Lease depending on your long term equipment needs asset ownership requirements etc.

Tenures vary between 3 to 5 years

No need for additional security

Monthly repayments can be structured as per cash flows or product cycle

Helps preserve working capital and banks line of credit

Infrastructure Finance:

Tata Capital, undertake construction equipment financing and refinancing of used construction equipment. They are leading financers of construction equipments of original equipment manufacturers.

Apart from financing and refinancing of construction equipment, they also offer project financing in India for various segments including roads, railways, warehousing, irrigation, power and so on.

They have Tata capital mart a unique B2B & B2C e-commerce portal, Tata Capital Mart connects the entire value chain and serves as a one-stop-shop for the Construction Equipment industry.

Services offered through the Portal include:

Listing of Assets and Contracts

Uploading of used assets by Customers or Sellers for both Resale and Rental. Tata Capital Mart also hosts repossessed assets for Sale/Rent. The Buyer gets access to a single platform to view all assets with high

resolution photos of the asset and details of available documents thereby facilitating decision making and seller negotiation.

Posting of contracts available for sub contracting by Customers & Contractors and interest shown by subcontractors.

Details about new launches & schemes from OEMs

Lease solutions:

Tata Capital, in partnership with Century Tokyo Leasing Corporation (TC- Lease), brings you comprehensive and innovative, solution-oriented asset financing solutions. Tata Capital Leasing Solutions offer to acquire and manage your equipment and assets better, by leveraging our financing knowledge and domain expertise accumulated through our combined experience of diverse and changing businesses, processes and global associations.

We offer customized leasing solutions for both manufacturers and resellers of equipment.

The Tata Capital Advantage

Quick Processing: A pre-established credit line at Tata Capital allows you to acquire the equipment in minimal turnaround time.

Payment Flexibility: A lease can be structured to have variable payment terms to match your cash-flow needs as well as the tax bracket of your company.

Value Add-ons: Our leasing solutions provide further value-addition with options to avail interim finance for technology-refreshes and support equipment.

Customized Solutions: Our team works closely with you to accomplish the best leasing solution for your asset life-cycle management.

Wealth Products Distribution:

Tata Capitals Wealth Management services gives you a strategic approach to managing your wealth.

Wealth Product Distribution Services are based on your portfolio and risk tolerance. Experienced professionals work with you to design an investment strategy to help meet your current and future needs before allocating your resources.

Tata Capitals Wealth Product Distribution Services are not only designed to allow proper allocation of funds, but also to secure your financial future for generations. Our offerings include:

Corporate Fixed Deposits

Mutual Funds

Portfolio Management Services (PMS)

Alternate Investment Funds and Structured Products

Real Estate Services

Life Insurance


Comparison between Industry and Tata Capital Financial services Limited



Finance Industry






Services Ltd







TCFSL being an NBFC is





a part of finance industry




a narrow

and has










Caters to











financial service provider




that caters to the diverse

with various needs of

needs of retail, corporate

retail and corporate.










providing insurance only.



  • 3. Deposits


Financial institution











accepts deposits and grants loans also.

loans and finance services to retail and corporate. As

It is registered with RBI as ‘Systemically Important



Non-Banking Financial Company (NBFC)’

  • 4. Product


Financial Institution

TCFSL offers


Services offered

offers services such

and services such as Two

as Merchant Banking, Leasing, discounting,

wheeler loans, Consumer durable loans, loans

factoring, forfeiting,




Mutual funds, credit









capital, insurance,




securitization of










derivates etc

Lease rental discounting,


term loans, working









Contribution to








like banks contribute






in payment





settlement mechanism







TCFSL markets







party products







deposits and bonds


Participation in

Financial Institution




credit creation







participates in credit





discounting etc but does not participate in credit creation.










institutions provide

TCFSL is that there is no


investment advisory




services with a motto




to invest in their own











Most of the financial

TCFSL markets Tata card





which is issued, operated

industry has the

and serviced by SBI





own company which




and serviced by them.



Financial industry is

The research team strives


very huge wherein few

to provide unbiased and



independent research

strive to



updates to help investors

products without

align their investment



strategies with changing


market dynamics

Conclusion & Recommendations:

Finance Industry is wide industry wherein industry.

NBFC is a part of the huge

Tata Capital Financial Services Limited, a one-stop financial service provider that caters to the diverse needs of retail, corporate and institutional customers across businesses.

Tata Capital Financial services Limited provides a service of Research insights that helps the investors to take informed decisions.

TCFSL has Tata Capital Mart a unique B2B & B2C e-commerce portal, it connects the entire value chain and serves as a one-stop-shop for the Construction Equipment industry. The ease of navigating through the site to search relevant equipments is assisted by applying filters on the Asset category, Location of the asset, Manufacturer, Year and Price range.

Consortium finance is a service which is available in finance industry but is not available in case of NBFC. Consortium finance is used for providing huge loans. With NBFC undertaking consortium finance the maximum ceiling level for loans shall be increased.

TCFSCL is a part of the Finance industry and is contributing in the growth of the industry.