Financial Institutions And Markets: Structure, Growth And Innovations

Financial Institutions And Markets: Structure, Growth And Innovations begins with an introduction and an overview of the financial system, explaining how various units such as banking and nonbanking firms, regulatory bodies and the organised and unorganised sectors are related. Important terminology, such as intermediaries, financial assets and financial security are also introduced.

There is a section that is dedicated to regulatory and promotional boards in India. There are two in India, namely the Reserve Bank of India (RBI) and the Securities Exchange Board of India or SEBI. There is another chapter on banking institutions, where the commercial and cooperative banks are explained in detail.

Financial Institutions And Markets: Structure, Growth And Innovations then speaks of other important intermediaries, like non banking financial intermediaries as well as statutory financial organizations. Various markets such as the Call Money Market, the Discount Market and the Treasury Bills market are also discussed. Some of the important features of the book are the addition of techniques for relative valuation, like P/E and P/S ratios. There is also a portion dedicated to the discussion of second generation policy reforms.

Other important features such as the addition of Market Stabilization Schemes (MSS), a section on risk management, inclusion of the BASEL norms and a section on global markets and the international financial system make Financial Institutions And Markets: Structure, Growth And Innovations a comprehensive book on the financial systems in India.