Indian Financial Sector

Released on by Rakesh Mohan
preview-18

  • Indian Financial Sector Book Detail

  • Author : Rakesh Mohan
  • Release Date : 2017-01-20
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 35
  • ISBN 13 : 1475570201
  • File Size : 70,70 MB
DOWNLOAD BOOK

Indian Financial Sector by Rakesh Mohan PDF Summary

Book Description: This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a consequence of successive reforms over the past 25 years, there has been significant progress in making interest and exchange rates largely market determined, though the exchange rate regime remains one of managed float, and some interest rates remain administered. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks continue have a dominant share in the market. Contractual savings systems have been improved, but pension funds in India are still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance can expand much further, which would also provide greater depth to the financial markets. The extent of development along all the segments of the financial market has not been uniform. While the equity market is quite developed, activities in the private debt market are predominantly confined to private placement form and continue to be limited to the bluechip companies. Going forward, the future areas for development in the Indian financial sector would include further reduction of public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion of the insurance and pension systems, greater spread of mutual funds, and development of institutional investors. It is only then that both the equity and debt markets will display greater breadth as well as depth, along with greater domestic liquidity. At the same time, while reforming the financial sector, the Indian authorities had to constantly keep the issues of equity and efficiency in mind.

Disclaimer: www.yourbookbest.com does not own Indian Financial Sector books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Indian Financial Sector

Indian Financial Sector

File Size : 2,2 MB
Total View : 630 Views
DOWNLOAD

This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper ad

India's Financial Sector

India's Financial Sector

File Size : 77,77 MB
Total View : 1134 Views
DOWNLOAD

The papers in this volume assess progress with financial sector reforms over the past decade or so, and analyse the new challenges that confront India's policy

Indian Financial System

Indian Financial System

File Size : 60,60 MB
Total View : 2221 Views
DOWNLOAD

Indian Financial System explains the changing dimensions of the country s financial set-up owing to the financial sector reforms. The book assesses the Indian f

Indian Financial System

Indian Financial System

File Size : 15,15 MB
Total View : 2623 Views
DOWNLOAD

The Indian Financial System is a complex amalgamation of various institutions, markets, regulations and laws, analysts, transactions, claims and liabilities. Th