Constituents of the Indian Financial System
The Government of India, Ministry of Finance, heads the Indian financial system. The ministry in turn is bifurcated into various departments like the Department of Economic Affairs, the Department of Company Affairs etc.
The Indian financial system consists of:
The financial markets
The statutes governing the various segments of the financial markets
The statutory authorities responsible for regulating, supervising, monitoring and controlling the markets and its components
The financial intermediaries
Special organisations
Agents operating in different segments of the financial markets and
Financial instruments/securities issued in the markets to raise resources
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