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Financial Sector Reforms in India
Introduction
The financial system of a country refers to the existing set up to supply available monetary and related financial resources to match the demand for them from agricultural, industrial, governmental and other institutional agencies as well as individuals. India’s financial system comprises many institutions and the mechanism which impacts the generation of savings by the society, mobilization of such savings and their effective allocation amongst all those who demand them for investments purposes. Broadly speaking, the Indian financial system includes: (i) the banking system, insurance companies, mutual funds, investment companies, and such other institutions that promote savings amongst the public, ...
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