Financial system in India
In order to understand financial management better, we need to understand the “Financial System” that exists in India. Any country needs a system to regulate, supervise, monitor and control the players, intermediaries, the investors etc. who take part in the financial markets in the system. Further an efficient system alone can ensure that the national objective on “Economy” of the country is met by aligning the developments in the system with the national priorities. An example of the national priority deciding the development in the financial markets is – “infrastructure development and need for longer duration financial resources” and development of “deep discounted bonds” to meet this requirement.
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