Ever since the New Economic Policy of 1991 was implemented, financial sectors of the country have undergone a sea change. The financial services, which includes banking and non-banking services, are growing at a very fast rate. The second decade of 21st century is experiencing boom in stock market. Sensex in May 2014 has touched the all time high of 24800 points. The capital and money market operations today are led by banking sector and supported by various types of financial services.
The economic reforms of the country are an ongoing process. Development of infrastructure has become the prime factor in the agenda of economic development of the country. The development of every sector of the economy needs huge finance. Financial markets (both capital and money markets) have to play a critical role at this juncture. Various types of financial services are rendered by banking and non-banking financial intermediaries to meet the financial needs of the economy. But it is insufficient.
This book focuses on how financial markets, particularly capital market, (both primary and secondary) provides a strong base for mobilizing the finance required for economic growth. The role of Mutual funds and non-banking financial intermediaries are also explained to give a clear picture of financial services offered by these institutions.
The role of SEBI and other regulatory bodies are explained to understand the control measures adapted by those in financial operations and practices of the country. Recent trends in personalized banking, customization of investment portfolio are also discussed to exhibit the types of financial services offered to the society and people. This title is written in a simple style to understand the intricacies of financial services and markets by students and readers alike.
1. Financial Markets
2. Non-banking Financial Intermediaries
3. Securities and Exchange Board of India (SEBI)
4. Mutual Funds
5. Recent Trends in Financial Services