This new edition continues to offer the readers, a complete understanding of the functioning of the whole set of banking and non-banking institutions as well as all the markets for short-term and long-term financial instruments and financial services. It discusses in detail, the major issues in financial system in India, concept of financial inclusion, New Pension System in India, principles of insurance, auction process of treasury bills, FDI in retail sector in India and so on. It also offers a detailed discussion on derivatives, derivative instruments in the global economy, market design for derivatives, major policy developments and data on the development of derivatives market in India as well as across the globe. It places significant emphasis on recent financial reforms as updates reflecting the most current financial developments, changes, and trends in the financial industry, especially in India.

PART 1: AN OVERVIEW
Chapter 1.The Nature and Role of Financial System
Chapter 2.An Introduction to Security Analysis
Chapter 3. An Overview of the Indian Financial System
Chapter 4. Financial Sector Reforms

PART 2: REGULATORY AND PROMOTIONAL INSTITUTIONS
Chapter 5. Regulations in Financial Markets in India
Chapter 6. The Reserve Bank of India
Chapter 7. Other Regulatory Bodies in India: SEBI, IDRA and PFRDA

PART 3: BANKING INSTITUTIONS
Chapter 8. Commercial Banks
Chapter 9. Co-operative Banks

PART 4: NON-BANK FINANCIAL INTERMEDIARIES AND STATUTORY FINANCIAL ORGANISATIONS
Chapter 10. Small Saving, Provident Funds, and Pension Funds
Chapter 11. Insurance Companies
Chapter 12. Unit Trust of India and Mutual Funds
Chapter 13. Miscellaneous Non-Bank Financial Intermediaries
Chapter 14. Non-Bank Statutory Financial Organisations

PART 5: MARKETS
Chapter 15: Call Money Market
Chapter 16 : Treasury Bills Market
Chapter 17. Miscellaneous Short-term Financial Markets
Chapter 18. Debt Market
Chapter 19. Stock Market
Chapter 20. Derivatives Market

PART 6: INTERNATIONAL DIMENSIONS OF FINANCIAL MARKETS
Chapter 21. Foreign Exchange Market
Chapter 22. Foreign Capital Flows

PART 7: INTEREST RATES
Chapter 23. Theories of the Level and Structure of Interest Rates
Chapter 24. Interest Rates in India

In the Indian context.