Financial Services (reprint)

Contents Preface. List of contributors. 1. Indian financial system/K. Ramesh. 2. Financial services/V.K. Somasundaram. 3. Legal aspects of financial services/V. Balachandran. 4. Money market/R. Elangovan. 5. Banking system in India/R. Elangovan. 6. Securities and exchange board of India/S. Sethurajan. 7. Capital market/Thilaha Mary Antony. 8. Stock exchange in India/S. Sethurajan. 9. OTCEI and NSE/V. Balachandran. 10. Mutual funds in India/R. Srinivasan. 11. Unit trust of India/R. Srinivasan. 12. Non banking finance companies/V.K. Somasundaram. 13. Hire purchase finance/S. Mohan. 14. Lease financing/S. Mohan. 15. Factoring and forfaiting/V. Balasubramanian. 16. Merchant banking/K. Ramesh. 17. Credit rating/Lj. Chaarlas I. Fransis Gnanasekar and G. Annieclara. 18. Housing finance/M. Thamarai Kannan and C. Sivashanmugam. 19. Development banking/M. Thamarai Kannan and M. Somasundaram. 20. Venture capital finance/S. Mohan. 21. Export finance/M. Muthupandi. 22. Consumer finance/V. Balasubramanian. 23. Credit and debit cards/V. Manickavasagam and S. Sahul Hameed. 24. Derivatives market/V. Manickavasagam and S. Sahul Hameed. 25. Securitisation/R. Maria Inigo. 26. Depository/R. Maria Inigo. 27. Portfolio management services/S. Sekar. 28. Public issue management services/M. Sendhilvelan. 29. Loan syndication/K. Kaliyamurthy. 30. Bill financing/K. Kaliyamurthy. 31. Insurance services/R. Elangovan and T. Srinivasan. Index. The process of economic reforms gained momentum due to far reaching changes in the economy in general and the financial system in particular. Financial markets have been increasingly influenced in recent times by financial innovations in terms of products and instruments adoption of modern technologies liberalization opening up of the market to the global economy streamlining of the regulatory framework and so on. Similarly many innovative financial products are introduced to cater to the varied requirements of both corporate and individual customers. Despite the commendable progress in the financial system several weaknesses too have developed particularly in the banking sector due to inter alia its rapid expansion organizational deficiencies and inadequate technology. The growth of the financial system is indeed vital to the process of economic development as it helps to mobilize savings and channelise them in the various sectors of the economy for the purpose of growth and development. This book deals with the various aspects of financial services in 31 chapters authored by leading professors of different universities and colleges. Comprehensiveness analytical approach and clarity are the salient features of the book. It is sure to serve as a good text material for the students. It will also be of interest and use to research scholars teachers and policy makers. 588 pp. …