This 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.
Key features
• 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.
About the Author
SUBHASH CHANDRA DAS (PhD), MCom, FCMA, MWSOM (UK), is a Management Consultant and Former Director (Finance), Hindustan Paper Corporation (HPC) Ltd. He is also a visiting faculty in many Universities and B-Schools. He has over three decades of professional experience as a Financial and O&M expert in Tata Steel, Greaves Cotton, SAIL, Hindustan Cables Ltd. and Hindustan Paper Corporation (HPC) Ltd. He has contributed twenty articles on management topics to Journals and research bulletins of various professional and management institutes. He has authored six books on various management subjects taught in B-Schools and Universities.
Table of Contents:
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
