Academics
Financial Services is a book on the fast-growing financial services industry of India. The book discusses the institutions, instruments, markets, regulations, and various other financial services offered in the financial system. The dynamic growth of the financial markets and the fast-paced reforms have opened up the need for financial intermediation, insurance, payment and settlement, and a host of other financial services. This book covers all those services. Two new chapters, Chapter 14 on Microfinance Institutions and Chapter 15 on Payment and Settlement Systems have been added in this second edition. While presenting each topic, the book focuses on the basic concepts, structure of the industry, regulatory issues, and the contemporary developments.
Dr R. Shanmugham is a former Professor of Finance and Accounting in Bharathiar School of Management and Entrepreneur Development (BSMED), Bharathiar University, Coimbatore, Tamil Nadu. He is well known in the academic circles as one of the senior most professors in Finance area who has more than four decades of teaching and research experience at the university level.
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