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India's Financial Sector

India's Financial Sector
An Era of Reforms

First Edition

October 2009 | 272 pages | SAGE India

India's Financial Sector deals with the reform measures undertaken in the financial sector and their impact. The impact is assessed in terms of growth in activities, profitability, financial stability, and financial inclusion among intermediaries such as banks, NBFCs and mutual funds, as well as in the financial markets. This book adds to the existing literature on the subject by offering an analysis of the impact that embraces not only the increased activities in the sector but also the issue of financial stability and financial inclusion.

The discussion is divided in three parts. The first part deals with financial intermediaries, the second explores the primary and secondary markets, and the third focuses on the internationalization of the Indian financial market. Further topicality is provided to the discourse through the final section that discusses the recent turmoil in the Indian financial sector.

The book is a rich source of information for all those who are interested to know about financial sector reforms, especially in the wake of the Percy Mistry Committee and Raghuram Rajan Committee reports. It will also help students and academics working in the fields of economics and development studies.

The Banking Sector
Non-Banking Financial Companies
Mutual Funds
The Primary Market For Securities
The Secondary Capital Market
The Market for Government Securities
The Money Market
The Foreign Exchange Market
Euro Issues of Indian Firms
Foreign Institutional Investment in India

This book serves as a ready reference for the researchers in the area of financial reforms. It covers financial reforms and impact of reform measures in almost all the areas including banking sector, non banking finance companies, financial intermediaries, primary and secondary capital markets, foreign exchange market and finally activities and impact of FDI and FPI in India.


The book is likely to be most useful for fresh researchers who would like a basic introduction to the state of the financial sector in India. It would also introduce them to the basic publications of the RBI and SEBI.

The Journal of Entrepreneurship

[The book] examines the reforms in all key segments of the financial system during the last two decades...the period of reforms covered in the book can be said to be the most important and rather an exciting phase of the Indian economy...the analysis and details given in the book can be of good reference material for all those policy makers and academics who are working in the field of monetary economics and/or financial sectors.


Vyuptakesh Sharan

Vyuptakesh Sharan is presently Emeritus Fellow at the South Asian Studies Division, School of International Studies, Jawaharlal Nehru University, New Delhi. Prior to this assignment, he was UGC Visiting Professor at the Department of Commerce, Delhi School of Economics, University of Delhi and also AICTE Visiting Professor, Global Business Operations Post-graduate Programme, Shri Ram College of Commerce, University of Delhi, and former Professor and Dean, Faculty of Commerce and Business, Magadh University. Professor Sharan has delivered special lectures at several universities, including a University at Warsaw. The articles authored by... More About Author

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ISBN: 9789353280154

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