About the Book: Financial Markets and Financial Services In India
Financial markets are the centers that provide facilities forbuying and selling
of financial assets. Financial markets havedeveloped significantly worldwide and
are undergoing constantinnovations to improve monetary impulses in different
segments ofthe economy. Till the early 1990s, most of the financial markets
inIndia were characterised by controls over the pricing of financialassets,
restrictions on flows or transactions, barriers to entry,low liquidity and high
transaction costs. These characteristicscame in the way of development of the
markets and allocativeefficiency of resources channeled through them. From 1991
onward,wide-ranging financial market reforms have been implemented as apart of
economic reforms measures. Financial markets