ABOUT THE BOOK

The present book explains and examines at length the changes which have swept India’s financial sector over the last 60 years since independence, with focus on post-1991 period. The book is organized into 9 parts, each part containing chapters/information relevant to theme of that part. Part I consists of chapters 1 and 2. Chapter 1 provides theoretical framework for the subject. Chapter 2 traces the evolution of India’s financial system since Independence in 1947, explains its present structure and provides glimpses of its future development. Part II deals with central banking globally and in India. Part III is devoted to financial intermediaries. Part IV describes and examines the growth of financial markets in India. Part V contains chapter 15 which summarises and evaluates financial sector developments in India during the post-independence period. Part VI provides year-wise description and review of financial and banking developments in India from 1947-47 to 2006-07. Part VII comprises 8 appendices which provide relevant material on the subject Part VIII contains two glossaries: one explaining the meaning of select financial terms and the other explaining the meaning of terms used in E-banking. Part IX provides time-series financial data on India.