INDIAN FINANCIAL SYSTEM

The third edition of Indian Financial System presents an empirical analysis of the principles and practices in money market, capital market and foreign exchange market and the financial intermediaries operating in them. The system has undergone a constant review during the past fifteen years by the ever-watchful regulators — RBI, SEBI and the Government of India — to implement best practices, impart transparency and facilitate liquidity ‘pass through’ all of which have been analysed in this book.
SALIENT FEATURES
The book has been rewritten including the newest regulations and latest available data. It studies the following topics in detail: • Savings process, financial intermediation and the payment and settlement system • Role of commercial banks as managers of risk, and facilitators of transmission of monetary policies • Development of capital market to finance investment in industry and infrastructure • Promotion and development of the debt market for corporate and government securities • Functioning of the derivatives market whose volumes exceed the cash market, revealing that it has found favour with arbitrageurs and speculators who are known to resort to unsustainable leverage • Developments in micro finance and the imposition of an obligation for financial inclusion for extension of special privilege to banks to create credit.
CONTENTS
1. An Introduction to Indian Financial System; 2. Savings and Financial Intermediation; 3. Commercial Banking; 4. Reserve Bank of India — Central Banking; 5. Regional Rural Banks; 6. Cooperative Credit; 7. Development Banking; 8. Non-Bank Financial Companies; 9. Investment Banking; 10. Merchant Banking; 11. Mutual Funds; 12. SEBI and Regulation of Primary and Secondary Markets; 13. Money Market; 14. Foreign Exchange Market; 15. Primary Market; 16. Secondary Market: Stock Exchanges; 17. Foreign Investment and its Regulations; 18. Accessing International Capital Markets; 19. The Indian Fiscal System; Index
Author: H R Machiraju
ISBN: 9788125924012
Published by: Vikas Pubishing House Pvt Ltd