ABOUT THE BOOK

Indian Financial System/Management of Financial institution is an important paper, which has been included in most of the syllabus of the Indian universities. Finance is very useful and essential for the smooth running of any business. Under • Saving process, financial intermediation and the payment and settlement system; • Role of commercial banks as managers of risk and facilitators of transmission of monetary policies; • Development of capital market to finance investment in industry and infrastructure; • Promotion and development of the debt market for corporate and government securities; • Functioning of the derivatives market whose volumes exceed the case market, revealing that it has found favour with arbitrageurs and speculators who are known to resort to unsustainable leverage; • Development in micro finance and the imposition of an obligation for financial inclusion for extension of special privilege to banks to create credit. This book covers the chapters in a very systematic manner. Every aspect has been detailed upon in a very simple language. Systematic approach is given in every chapter. The concept has been described theoretically and it has been supported by practical examples.