Financial Institutions And Markets: Structure, Growth And Innovations has improved upon it previous edition, incorporating all the changes that have been made in the Indian financial system since then. Summary Of The Book Financial Institutions And Markets: Structure, Growth And Innovations begins with an introduction and an overview of the financial system, explaining how various units such as banking and nonbanking firms, regulatory bodies and the organised and unorganised sectors are related. Important terminology, such as intermediaries, financial assets and financial security are also introduced. There is a section that is dedicated to regulatory and promotional boards in India. There are two in India, namely the Reserve Bank of India (RBI) and the Securities Exchange Board of India or SEBI. There is another chapter on banking institutions, where the commercial and cooperative banks are explained in detail. Financial Institutions And Markets: Structure, Growth And Innovations then speaks of other important intermediaries, like non banking financial intermediaries as well as statutory financial organizations. Various markets such as the Call Money Market, the Discount Market and the Treasury Bills market are also discussed. Some of the important features of the book are the addition of techniques for relative valuation, like P/E and P/S ratios. There is also a portion dedicated to the discussion of second generation policy reforms. Other important features such as the addition of Market Stabilization Schemes (MSS), a section on risk management, inclusion of the BASEL norms and a section on global markets and the international financial system make Financial Institutions And Markets: Structure, Growth And Innovations a comprehensive book on the financial systems in India. About The Authors Jitendra Mahakud teaches at the Indian Institute of Technology (IIT) in Kharagpur. He completed his Ph.D from IIT, Bombay. He is the Associate Professor of Humanities and Social Sciences. Mahakud has been conducting research in the areas of Equity Research, Financial Economics, Financial Markets, Fixed Income Securities, and Corporate Finance. L. M. Bhole is the Professor of Economics in the department of Humanities and Social Sciences in IIT Bombay. He has written a number of papers on Money and the Monetary Policy. L. M. Bhole has written Collected Papers on Money, Interest, and Monetary Policy and Unemployment, Inequality, Entrepreneurship, and other Collected Papers - Vol. 4. L. M. Bhole completed his education from M.J. College, University of Bombay, and S.P. College and holds a B.A., M.A. and Ph.D. He has taken part in many workshops and seminars, and has been awarded the Ford Foundation Scholarship, and UGC Fellowship. He has written over 125 articles and 12 books.

Table of Contents:
PART 1: AN OVERVIEW Chapter 1. The Nature and Role of Financial System Chapter 2. An Introduction to Security Analysis Chapter 3. The Indian Financial System on the Eve of Planning Chapter 4. An Overview of the Indian Financial System in the Post-1950 Period Chapter 5. Financial Sector Reforms PART 2: REGULATORY AND PROMOTIONAL INSTITUTIONS Chapter 6. The Reserve Bank of India Chapter 7. The Securities and Exchange Board of India PART 3: BANKING INSTITUTIONS Chapter 8. Commercial Banks Chapter 9. Co-operative Banks PART 4: NON-BANK FINANCIAL INTERMEDIARIES NAD STATUTORY FINANCIAL ORGANISATIONS Chapter 10. Small Saving, Provident Funds, and Pension Funds Chapter 11. Insurance Companies Chapter 12. Unit Trust of India and Mutual Funds Chapter 13. Miscellaneous Non-Bank Financial Intermediaries Chapter 14. Public Deposits with Non-Banking Companies Chapter 15. Non-Bank Statutory Financial Organisations PART 5: MARKETS Chapter 16. Call Money Market Chapter 17. Treasury Bills Market Chapter 18. Commercial Bills Market Chapter 19. Markets for Commercial Paper and Certificate of Deposits Chapter 20. The Discount Market Chapter 21. Market for Financial Guarantees Chapter 22. Government (Gilt-edged) Securities Market Chapter 23. Industrial Securities Market Chapter 24. Markets for Futures, Options, and Other Financial Derivatives PART 6: INTERNATIONAL DIMENSIONS OF FINANCIAL MARKETS Chapter 25. Foreign Exchange Market Chapter 26. Foreign Capital Flows PART 7: INTEREST RATES Chapter 27. Theories of the Level and Structure of Interest Rates Chapter 28. Interest Rates in India