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India?s Financial Sector: An Era of Reforms 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 covers 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
I: REFORMS IN FINANCIAL INTERMEDIARIES
The Banking Sector
Non-banking Financial Companies
II: 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
III: INTERNATIONALISATION OF INDIAN FINANCIAL MARKET
Euro Issues of Indian Firms
Foreign Institutional Investment in India