1. An Introduction to Indian Financial System, 2. Savings and Financial Intermediation, 3. Commercial Banking, 4. Reserve Bank of India: Central Banking, 5. Regional Rural Banks, 6. Cooperative Credit, 7. Development Banking, 8. Non-bank Financial Companies, 9. Investment Banking, 10. Merchant Banking, 11. Mutual Funds, 12. SEBI and Regulation of Primary and Secondary Markets, 13. Money Market, 14. Foreign Exchange Market, 15. Primary Market, 16. Secondary Market: Stock Exchanges, 17. Foreign Investment and its Regulations, 18. Accessing International Capital Markets, 19. The Indian Fiscal System • Index

This much‐awaited new edition of a pioneering textbook written by an expert academic and policy maker is released after a gap of eight years. All through these years the book has been in demand across many university departments and b‐schools.
India has seen landmark changes in its financial system in recent times, which has transformed the economic scenario of the country in a big way. This has necessitated a thorough revision of this textbook. This edition incorporates these changes in all their complexities, yet retains the original focus on the analysis of the principles and practices in the money market, capital market and foreign exchange market of India.
This all‐inclusive textbook — covering major concepts, regulations and practices in the working of financial intermediaries, capital market, money market and foreign exchange market — puts the Indian financial system in the right perspective, making it a “must have” for the students of MBA and economics, as also for those appearing in professional examinations such as CA, CFA and ICWAI.
The book has been thoroughly revised and includes the latest available data.