Publisher's Synopsis
This book is a study of the financial environment of India. The reader will get a comprehensive view of how the financial system operates in India. The book is divided into seven sections. It presents the structure of the financial markets, institutions, and services that are instrumental in creating an impact on the savings and investment process in a country. It also focuses on the reforms in the financial sector. The special features of the book are the following :- ? It has a wide coverage. It provides an overview of financial system with a historical perspective of the Indian capital market including the current scenario ? It gives importance to the Reserve Bank of India and Securities Exchange Board of India which are the two controllers in the capital market. ? It presents the internal and external financial instruments useful for raising capital in the market. ? It gives a detailed account of the Primary and Secondary markets. Their history, organizational role, market participants and trading methods. It also discusses other important markets like Call money market, Treasury Bills market and market for commercial papers. ? It gives special coverage to banking and non bank financial intermediaries. It has a detailed study on commercial banks, small savings, insurance and mutual funds with the latest developments. ? It discusses the financial services necessary for savings volume to increase and be useful for productive investment in India. Some of these financial services are merchant banking, underwriting, leasing& higher purchase, housing and consumer finance, factoring and credit rating. ? It provides the changes and latest developments in the financial environment in India. The comprehensive package is an attempt to make it a useful book for students and teachers of management, economics, chartered accountants and masters in finance. It would be useful for professionals to understand the financial environment in India for conducting business. The book i.
