Indian Financial System 5/Ed

The Indian Financial System: Markets, Institutions and Services, 5/e is a comprehensive text that encompasses new developments in the financial system and discusses various components such as financial markets and institutions, instruments, agencies and regulations in an analytical and critical manner.The book is divided into four sections, each constituting the various topics under the umbrella of financial systems. It details the relationship between financial system and economic growth, historical perspective of the Indian financial system, objectives of financial sector reforms, elements of financial markets, new financial instruments such as floating rate bonds, zero coupon bonds, securitized paper, etc., management of non-performing assets by banks, factoring and forfaiting, housing finance and leasing and hire purchase to name a few. FeaturesAll amendments and changes up to June 2017 have been incorporated in this edition. The new guidelines relating to new monetary policy framework, new base rate calculation, money market instruments such as commercial paper, certificate of deposits, repos and tri-repos etc., have been discussed.? New guidelines relating to capital financing by start-ups, de-listing, external commercial borrowings, foreign portfolio investors, list of securities have been covered.? Various initiatives taken by the RBI and the government to curb the menace of non-performing assets of the banks have been included. The recent Insolvency and Bankruptcy Code 2016 (IBC) by the government has been simplified for the students.Fluidity of the language makes it an easy read wherein the text has been made more student friendly by simplifying the context of the topics.Table of Contents:Part I: Financial System 1 The Financial System: An Introduction2 The Financial System and the Economy3 R eforms in the Financial SystemPart II: Financial Markets4 The Money Market5 The Capital Market6 The Primary Market7 Disinvestment of Public Sector Undertakings8 The Secondary Market9 The Derivatives Market10 The Debt Market11 N ew Financial InstrumentsPart III: Financial Institutions12 Development Financial Institutions13 Banking and Non-Banking Institutions14 Management of Non-Performing Assets by Banks15 Mutual Funds16 InsurancePart IV: Financial Services17 Investment Banking18 Depositories and Custodians19 Credit Rating20 Factoring and Forfaiting21 Housing Finance22 L easing and Hire Purchase23 Financial Inclusion and MicrofinancePart V: Financial Regulation 24 Financial Regulation