A dynamic financial system helps with development. The Indian financial system has become dynamic in the last two decades through continuous transformation. The main objectives of this transformational change are to be compatible with an ever-changing economy and be competent with other nation's financial systems. The change is apparent by the range of financial institutions serving the customers and businesses; instruments and services that are available to cater to the needs of the economy and financial markets, forming a bond between buyers and sellers.

This book provides comprehensive coverage of the main features of the Indian financial system, financial markets, services and instruments. It is aimed at undergraduate and postgraduate courses in commerce and management.

The book is organized in five modules, each one providing a broad view of various aspects of the Indian financial system.

Broadly the book deals with:

Classification of the system and types of financial markets.
Financial institutions and their working.
Operations of RBI and SEBI.
Functioning of various financial services such as the hire purchase system, lease financing, forfeiting, factoring, discounting, credit rating and so on.
Recent innovations and technology in the banking sector.