Fundamentals Of The Indian Financial System

Financial System is the mirror reflection of an economy. The performance of any economy to a large extent, is dependent on the performance of the financial institution, In such an wironment the agility to adopt to emerging dynamics is the deciding the growth of sound financial system. The rules of the game is on Mergers and Acquisitions. The financial services industry seeing a consolidation, with all segments of players offering of plethora of services. In the post liberalisation era, the finance sector is witnessing (complete metamorphosis. Deregulation measures have included freeing up of direct controls over ownership, liberalising interest rates and credit allocation, deregulating foreign exchange transaction controls, freeing up the entry of new firms, and expanding and broadening the base of the banking system both for nationals and international business ventures. At the same time, non-smoking financial institutions, securities markets and money markets have developed to mobilize d allocate savings. Experience suggests that financial liberalisation needs to be undertaken alongside macro-economic reform. In this context, "Fundamentals of the Indian Financial System" is a subject that is assuming eater importance and is bound to be one of the key topics of discussion during the next o/three decades. This is, as it should be, to consider what sorts of financial institutions will best suited to the economic environment in the 21 st century..

ISBN: 9788183188890
Author: Desai, Vasant
Published by: HIMALAYA PUBLISHING HOUSE
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