The prime objective of the book is to provide executives, practitioners and management students an insight into the principles, operational policies and practices of the prominent Indian Financial Institutions which are in the money game and capital markets.
Part I consists of ten chapters and focuses on the macro-economic environment that has confronted the Indian Financial System, its Structure, its role and its dimensions. It also discusses analytically the key issues of the Financial System. IT argues that Finance matters in more ways than might be immediately apparent. Efficient Financial Systems help to allocate resource to their best uses and are indispensable in complex, modern economies.
Varied Financial markets are discussed in ten chapters of Part II Money markets provide a flexible means for managing liquidity, a benchmark for market-based interest rates, and an instrument of monetary policy. Capital markets are a source of long-term finance-both debt and equity-and help to foster sounder corporate capital structure. In the nineties, the organized money markets have emerged as a backbone of the Indian vibrant economy.
Part III deals with key market intermediaries of growing importance. It consists of ten chapters. Part IV deals with financial institutions and their structure, functioning in the changing economic scenario.
The deepening and spreading of the financial system throws light on its diversity and innovations. It consists of ten chapters.
Part V discusses different financial instruments in twelve chapters. The financial instruments cater especially to the growing needs of the economy.
Part VI deals with the financial services in seven chapters. The financial services play a crucial role in driving the economy.
During The five years the Indian financial systems has undersone sea changes in keeping with the world economic. Yet the Indian financial system has emerged stronger inspite of the world financial crisis, the study also has become more relevant in todays changing scenario. The support the study received is quite encouraging and inspiring. The book provides an insight into the financial system and its unique role in the economy. In short, the study acts as a motivator to pursue a career in the growing and innovative financial system.
Contents :
PART I : FINANCIAL SYSTEM
1. The Financial System: An Overview
2. The Structure of the Financial System
3. The Evolution of the Financial System
4. Financial System and Economic Development
5. Macroeconomic Dimensions of the Financial System
6. Functions of the Financial System
7. Major Issues in the Indian Financial System
8. Financial Development Ratios
9. Elements of Fund Flow Analysis
10. Financial Sector Reforms in India
PART II : FINANCIAL MARKETS
11. Financial Markets
12. The Money Markets
13. The Capital Market
14. The New Issues Market
15. The Government Securities Market
16. The Call Money Market
17. The Bill Market
18. The Foreign Exchange Market
19. The Debt Market
20. Integration of Financial Markets
PART III : FINANCIAL MARKET INTERMEDIARIES
21. Stock Exchange
22. The National Stock Exchange of India
23. Over the Counter Exchange of India
24. Discount and Finance House of India
25. Securities and Exchange Board of India
26. Stock Holding Corporation of India
27. Securities Trading Corporation of India Limited
28. Money Market Mutual Funds
29. Derivatives
30. Credit Rating in India
PART IV : FINANCIAL INSTITUTIONS
31. The Reserve Bank of India: Its Role in Bank Management and Regulations
32. Monetary Policy and Credit Control
33. Commercial Banking
34. Liabilities and Assets of Commercial Banks
35. The Non-Banking Financial Intermediaries and Monetary Policy
36. Non-Banking Finance Companies
37. Development Finance Institutions
38. Life Insurance
39. General Insurance
40. Merchant Banking
PART V : FINANCIAL INSTRUMENTS
41. Ad hoc Treasury Bills
42. 182 Days Treasury Bills
43. Certificates of Deposits
44. Commercial Paper
45. Currency Options
46. Foreign Currency Options
47. Futures and Options
48. Hedging Instruments
49. Securitisation: A New Form of Financing
50. Hawala
51. Credit Cards
PART VI : FINANCIAL SERVICES
52. Financial Services
53. Mutual Funds
54. Housing Finance
55. Leasing
56. Venture Capital
57. Factoring
58. Forfaiting
59. Depositories: A System
60. The Global Financial Crisis
