India, a member of the so-called BRICS group, is one of the fastest growing major economies in the world today. Dynamics of Indian Financial System gives a straightforward, comprehensive and
clear survey of its financial environment and how it operates today.
The book provides an overview of the financial system in relation to the Indian capital market and especially its key controllers, the Reserve Bank and the Securities Exchange Board. It then
gives a detailed account of the primary and secondary markets-their structure, organizational role, market participants and trading methods. Dr Singh pays special attention to the internal and
external instruments used for raising capital, in particular the call money market, treasury bills market and commercial paper market. Finally she provides a detailed study of commercial banks,
small savings institutions, the insurance and mutual fund markets, including the latest developments in each of these sectors.
In presenting details of the financial system, the book always places them in the context of the system's history and current development while also detailing the latest reforms and changes.
