• 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 ...

Euro Issues of Indian Firms
Euro issues of Indian firms

An important aspect of financial market reforms not covered so far at a desired length is the internationalisation of Indian financial market. To be more precise, as mentioned in the Introduction, the Indian government allowed the Indian companies, in the very initial years of economic reform, to raise funds from international financial market through the issue of foreign currency convertible bonds (FCCBs) and also the issue of the shares under ADR/GDR arrangement and permitted the foreign institutional investors (FIIs) to participate in the secondary market in India buying and selling shares and debentures. And, of late, the Indian government allowed the foreign companies to raise funds in the Indian primary market through selling securities under Indian ...

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