• Summary
  • Contents
  • Subject index

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 internationalization of the Indian financial market. Further topicality is provided to the discourse ...

The Money Market
The money market

After the discussion of the capital market, it is now the turn of the Indian money market that involves the movement of short-term funds among the banking and the non-banking entities as well as the government. To be specific, the Indian money market embraces broadly the call/notice money market (CNMM) where the funds are borrowed and lent for less than a fortnight, the term money market where funds are transacted for three months or more stretching up to one year and the repo/reverse repo market where treasury bills (T-bills) are sold and purchased with a specific motive. Besides, there are a couple of instruments, namely, commercial paper (CP) and certificates of deposit (CDs), quite in vogue for more than one-and-a-half ...

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