PART VII: Financial Systems

Chapter 40: Money: Functions and Value

Chapter 41: Money Markets

Chapter 42: Commercial Banking

Chapter 43: Functions of the Central Bank

Chapter 44: Financial Institutions

Chapter 45: The Indian Capital Market

Chapter 46: The Indian Stock Market

Chapter 47: The Securities and Exchange Board of India

Part VII elaborates on the financial system of India. Beginning with a study of money and its functions, the discussion shifts to how the value of money is determined through index numbers. This study is followed by detailed analyses of commercial banks and the central bank, with particular reference to the Indian central bank—the Reserve Bank of India. The role of other financial institutions is also scrutinized here. ...

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