Deals with the reform measures undertaken in the financial sector and their impact. This book offers an analysis of the impact that embraces the increased activities in the sector and also the issue of financial stability and financial inclusion.
India's Financial Sector deals with the reform measures undertaken in the financial sector and their impact. The impact is assessed in terms of growth in activities, profitability, financial stability and financial inclusion among intermediaries such as banks, NBFCs and mutual funds, as well as in the financial markets. This book adds to the existing literature on the subject by offering an analysis of the impact that embraces not only the increased activities in the sector but also the issue of financial stability and financial inclusion. The discussion is divided in three parts. The first part deals with financial intermediaries, the second explores the primary and secondary markets, and the third focuses on the internationalisation of the Indian financial market. Further topicality is provided to the discourse through the final section that discusses the recent turmoil in the Indian financial sector. The book is a rich source of information for all those who are interested to know about financial sector reforms, especially in the wake of the Percy Mistry Committee and Raghuram Rajan Committee reports. It will also help students and academics working in the fields of economics and development studies.
Table of contents:
Preface Introduction PART ONE: REFORMS IN FINANCIAL INTERMEDIARIES The Banking Sector Non-Banking Financial Companies Mutual Funds PART TWO: FINANCIAL MARKETS AND INSTRUMENTS The Primary Market For Securities The Secondary Capital Market The Market for Government Securities The Money Market The Foreign Exchange Market PART THREE: INTERNATIONALISATION OF INDIAN FINANCIAL MARKET Euro Issues of Indian Firms Foreign Institutional Investment in India Epilogue Postscript Appendix Bibliography Index
Vyuptakesh Sharan is presently Emeritus Fellow at the South Asian Studies Division, School of International Studies, Jawaharlal Nehru University, New Delhi. Prior to this assignment, he was UGC Visiting Professor at the Department of Commerce, Delhi School of Economics, University of Delhi and also AICTE Visiting Professor, Global Business Operations Post-graduate Programme, Shri Ram College of Commerce, University of Delhi, and former Professor and Dean, Faculty of Commerce and Business, Magadh University. Professor Sharan has delivered special lectures at several universities, including a University at Warsaw. The articles authored by him have been published in several international and Indian journals. His book India's External Sector Reforms (2001) was widely appreciated by academics.