THE FINANCIAL SYSTEM IN INDIA : MARKETS, INSTRUMENTS, INSTITUTIONS, SERVICES AND REGULATIONS

his comprehensive book critically examines and presents in detail, a conceptual framework on various components/structures of a formal financial system which includes financial institutions, financial markets, financial instruments/securities, financial services, financial regulations and regulatory authorities. It brings to its readers the ever-changing organisational, structural, institutional, regulatory and policy developments in the financial sector of India.

The book contains 36 chapters divided in 6 parts. Part A, Financial System, comprising 3 chapters, provides an overview of the Indian financial system, economic development and the financial sector reforms in India. Part B, Financial Markets contains 11 chapters to  provide an in-depth analyses of different elements of Indian financial markets. Part C, Financial Instruments comprises 3 chapters to deal with instrumentation side of the financial system.

Part D, Financial Institutions, includes 7 chapters to provide an in-depth knowledge about institutions functioning in the financial system. Part E, Financial Services comprises 10 chapters to put readers’ attention towards financial services that do facilitate the components of core financial system. Part F, Financial Regulations includes 2 chapters to deliberate on the financial regulations and the role of regulatory authorities.

The book is designed as an essential textbook for a course on Indian Financial System for both undergraduate and postgraduate students of management, economics, finance and commerce as well as other related professional courses, like ICAI, ICWAI, ICSI, ICFAI, and CAIIB.

• Includes Basel norms to manage risk in commercial banks. It also contains various current topics for the convenience of the readers.
• Highlights changes and amendments brought in within the rules, regulations, and guidelines, made by the authorities, like SEBI and RBI.
• Incorporated with pedagogical tools, such as tables, figures, appendices, review questions, and MCQs (on selected topics).
• Solution manual containing answers to the MCQs and Numerical Problems is available on demand.
• Includes an exhaustive glossary of terms to explain the core concepts.
• PowerPoint slides available online at http://phindia.com/das-financial-system-in-india to provide integrated learning to the students.

Preface • Acknowledgements

List of Abbreviations

PART A: FINANCIAL SYSTEM

1:     The Financial System: An Overview

2:     The Financial System and the Economic Development

3:     Financial Sector Reforms in India

PART B: FINANCIAL MARKETS

4:     Financial Markets: An Overview

5:     Money Market

6:     Money Market Derivatives

7:     Capital Market

8:     Primary Market

9:     Secondary Market

10:   Derivatives Market

11:   Debt Market

12:   Government Securities Market

13:   Discount Market

14:   Financial Guarantees Market

PART C: FINANCIAL INSTRUMENTS

15:   Capital Market Instruments

16:   Money Market Instruments

17:   New and Innovative Financial Instruments

PART D: FINANCIAL INSTITUTIONS

18:   Development Financial Institutions (DFI)

19:   Commercial Banks

20:   Regional Rural Banks, Local Area Banks and Cooperative Banks

21:   Non-Banking Financial Companies (NBFCs)

22:   Management of Non-Performing Assets (NPAs)

23:   Mutual Funds (MFs)

24:   Insurance

PART E: FINANCIAL SERVICES

25:   Investment Banking and Merchant Banking

26:   Intermediaries in Capital Market

27:   Depositories and Custodians

28:   Credit Rating

29:   Factoring and Forfaiting

30:   Housing Finance

31:   Venture Capital Fund (VCF)

32:   Lease, Hire Purchase and Installment Purchase

33:   Credit Card and Debit Card

34:   Financial Inclusion and Micro Finance

PART F: FINANCIAL REGULATIONS

35:   Regulation of the Capital Market and the Securities and Exchange Board of India (SEBI)

36:   The Reserve Bank of India (RBI)

Appendices

I:      Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances

II:     SEBI Guidelines on Mutual Funds

III:    Depositories Act

IV:   SEBI Regulations for Depositories and Depository Participants (DPs)

V:     SEBI Regulations for Custodians of Securities

VI:   SEBI Regulations for Credit Rating Agencies

Glossary • Bibliography • Index