ABOUT THE BOOK

The present book explains and examines at length the changes which have swept India’s financial sector since Independence in 1947, with focus on post-1991 period. The book is organized into 6 parts. Part I begins with the role of financial system in economic development. Pat II traces the evolution and the present status of various financial institutions (intermediaries) in India. Part III is devoted to financial markets in India. Part IV deals with financial instruments, particularly the emergence of derivative instruments in India. Part V contains 2 Appendices. Appendix 1 explains at length the techniques and risk management associated with internet banking. Appendix 2 relates to current global financial crisis, its impact on India and policy response by government agencies. Part VI contains glossary of money, banking and finance, bibliography and index.