The document provides an overview of the Indian financial system. It discusses that the Indian financial system comprises formal (organized) and informal (unorganized) sectors. The formal sector is regulated and includes various financial institutions, markets, instruments and services. It also discusses the evolution of the Indian financial system from the pre-1951 era dominated by money lenders and traders, to the post-1951 period which saw the development of public sector banks and institutions, and later privatization and globalization in the financial system from the early 1990s onward. Key components of the formal financial system like regulators, financial institutions, markets, instruments and services are also explained.
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
Meaning, nature and role of capital market, features of developed capital market, reforms in the capital market, regulatory framework of capital market, capital market instruments and innovation in financial instruments.
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
Meaning, nature and role of capital market, features of developed capital market, reforms in the capital market, regulatory framework of capital market, capital market instruments and innovation in financial instruments.
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
Non-Banking Financial Companies & MICROFINANCE Completed note for MBA Finance.
It includes Meaning, Classification, Comparison chart, Activities of NBFC, RBI guidelines, etc
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial system and markets:
objectives of financial system-
Concepts of financial system-
Financial concepts-
Development of financial systems in India-
Weakness of Indian financial system
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
2. Meaning of the Financial System
A set of sub systems of financial
institutions,
markets, instruments
and services
Intermediates with the flow of funds
between savers and borrowers.
Facilitates transfer and allocation of
scarce resources efficiently and
effectively
4. Formal and Informal Financial
System
• The financial systems of most developing countries
are characterized by co-existence and co-operation
between the formal and informal financial sectors.
• The formal financial sector is characterized by the
presence of an organized, institutional and regulated
system which caters to the financial needs of the
modern spheres of economy.
• The informal financial sector is an unorganized, noninstitutional and non-regulated system dealing with
traditional and rural spheres of the economy.
4
6. Organized Indian Financial System
Regulators
Financial
Instruments
Forex
Market
Financial
Markets
Capital
Market
Money
Market
Primary Market
Secondary Market
Money Market
Instrument
Capital Market
Instrument
Financial
Intermediaries
Credit
Market
7. Components of the Financial System
Regulators
Financial Institutions
Financial Markets
Financial Instruments
Financial Services
8. Regulators
• The formal financial system comes under the
regulations of the ministry of finance (MOF),
reserve Bank of India (RBI), Securities and
Exchange board of India (SEBI) and other
regulatory bodies.
8
10. Types of Financial Institutions
Banking: creators and purveyors of credit.
Types
Commercial Banks
Cooperative Banks
Non-banking: purveyors of credit
Types
Developmental financial institutions
Mutual funds
Insurance companies
NBFCs
11. Functions of Financial Institutions
Provide three transformation services
Liability, asset and size transformation
Maturity transformation
Risk transformation
12. Financial Markets
Types
Money Market – A market for short-term debt
instruments
Capital Market – A market for long-term equity and debt
instruments
Segments
Primary Market – A market for new issues
Secondary Market – A market for trading outstanding
issues
13. Link Between Primary and Secondary
Capital Market
A buoyant secondary market is indispensable for
the presence
of a vibrant primary market.
The secondary market provides a basis for the determination of
prices of new issues.
Depth of the secondary market depends on the primary market.
Bunching of new issues affects prices in the
secondary market.
14. Why Capital Markets Exist
• Capital markets facilitate the transfer of
capital (i.e. financial) assets from one owner
to another.
• They provide liquidity.
– Liquidity refers to how easily an asset can be
transferred without loss of value.
• A side benefit of capital markets is that the
transaction price provides a measure of the
value of the asset.
15. Role of Capital Markets
• Mobilization of Savings & acceleration of
Capital Formation
• Promotion of Industrial Growth
• Raising of long term Capital
• Ready & Continuous Markets
• Proper Channelisation of Funds
• Provision of a variety of Services
18. Key Elements of a Well-functioning
Financial System
A strong legal and regulatory environment
Stable money
Sound public finances and public debt management
A central bank
Sound banking system
Information system
Well-functioning securities market
19. Indian Financial System – An Overview
PHASES
* Upto 1951
Pvt. Sector
* 1951 to 1990
Public Sector
* Early Nineties
Privatisation
* Present Status Globalisation
19
20. Pre 1951
1.
2.
3.
4.
5.
6.
7.
8.
9.
Control of Money Lenders
No Laws / Total Private Sector
No Regulatory Bodies
Hardly any industrialization
Banks – Traditional lenders for Trade and that too short
term
Main concentration on Traditional Agriculture
Narrow industrial securities market (i.e. Gold/Bullion/Metal
but largely linked to London Market)
Absence of intermediatary institutions in long-term
financing of industry
Industry had limited access to outside saving/resources.
20
21. 1951 to 1990
Moneylenders ruled till 1951. No worth-while Banks at that
time. Industries depended upon their own money. 1951
onwards
5 years PLAN commenced.
PVT. SECTORS TO PUBLIC SECTOR – MIXED ECONOMY
1st 5 year PLAN in 1951 – Planned Economic Process. As
part of Alignment of Financial Systems – Priorities laid
down by Govt. – Policies.
MAIN Elements of Fin. Organisations
i. Public ownership of Financial Institution
ii. Strengthening of Institutional Structure
iii. Protection to Investors
iv. Participation in Corporate Management
v. Organisational Deficiencies.
21
22. 1951-1990
Nationalization
RBI
1948
SBI
1956 (take-over of Imperial Bank of India)
LIC
1956 (Merges of over 250 Life Insurance Companies)
Banks
1969 (14 major banks with Deposits of over Rs. 50
Crs.nationalised)
1980 (6 more Banks)
Insurance 1972 (General Insurance Corp. GIC by New India,
Oriental, united and National.
22
23. POST 1990s
IMPORTANT DEVELOPMENTS
Development Financial Institutions : (DFIs)
• Started providing Working Capital also
• Set up CREDIT RATING AGENCIES
CRISIL(IPO IN 1993-94; standard & poor acquires 9.68% in 1996-97 S & P acquires
shares / holding up to 58.46%)
ICRA Set up in 1991 by leading FIs/Banks/Fin. Ser. Cos. And Moody’s CARE
Set-up by IFCI/Banks.
FITCH a 100% subsidiary of FITCH Group.
•
Privatisation of DFI
Reduction in Govt. holding & Public Participation e.g. IFCI Ltd., IDBI Ltd., ICICI Ltd.
• Conversion into Banking / Merger into Banking Companies IDBI Bank & ICICI Bank
• Issuance of Bond by DFIs without Govt.’s Guarantees to mobilize resources.
• Reduction in holding of Govt. in Banks, i.e. Public Participation / Listing
23
24. POST 1990
INDUSTRIES
•
•
•
•
•
•
•
•
Rise & Growth of Service Sector industries.
Reliance & Dependence on technology.
E-mail & mobile made sea-change in communication, data collection etc.
Computerization – a catch phrase and inevitable need of an hour.
Dependent on Capital Market rather than only Debts dependency.
Scalability of operations through globally competitive size.
Broad basing of Board.
Professional Management.
NBFC
•
•
NBFC under RBI governance to finance retail assets and mobilize small/medium
sized savings.
Very large NBFCs are emerging (Shri Ram Transport Finance, Birla, Tata Finance,
Sundaram Finance, Reliance Finance, DLF, Religare etc.
24