Summary |
Finance is the lifeblood of all economic activities-consumption, production, exchange. Distribution and public finance are facilities through the banking and financial institutions. After the first phase of nationalization of private sector banks in 1969 a large number of banking and financial institutions have been set up. There is a plethora of such institutions namely development banks, investment banks, cooperative banks, regional rural banks, NABARD, EXIM Bank, etc. The liberalization, privatization and globalization have reduced the geographical distances and the world has become just like a village. The book describes all the facts of money and financial system in India and their contribution of different sectors of the economy. The book is useful to the students of commerce, economics and management. Policy makers in banking and financial sector will also enlarge their knowledge. It will also serve the purpose of general readers and professionals as well.
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