Financial Institutions, Markets and Services

This book delves into the structure, operation, and expansion of India's financial system. For students of finance and money management, gaining a thorough understanding of how the financial system functions is crucial for effectively analyzing and comprehending monetary and financial policies. The first edition of this book provides a comprehensive view of the entire landscape of banking and non-banking institutions, as well as the various markets for both short-term and long-term financial instruments and services. It covers significant issues within the Indian financial system, such as financial inclusion, the new pension system, insurance principles, the auctioning of treasury bills, and foreign direct investment in India's retail sector. In addition, the book offers an in-depth analysis of derivatives, including their role in the global economy, market design, major policy changes, and the development of the derivatives market both in India and internationally. Recent financial reforms and current trends in the Indian financial industry are highlighted to reflect the latest developments. The evolution of a sophisticated financial system in India, especially since the early 1990s, has also led to the growth of a robust financial services sector. The efficiency of this emerging system is closely linked to the quality and range of...