Indian Financial system, 6th Edition, has been thoroughly revised and updated as per the new developments in the system. With rich content and clear, easy-to-understand language, this edition encompasses all the recent amendments, guidelines and changes that have been implemented up till August 2023. The book starts with A Leading Story of 75 Years of Hope and Wisdom in India along with 75 years of policy reforms, their objectives and impact. The timeline of reforms in primary markets, secondary markets, government securities markets, banking sector, corporate bond market, insurance sector and mutual funds has been included.\n\nThis text is designed primarily for undergraduate and post-graduate level students in commerce, management, and finance. It’ll also be useful for those pursuing professional courses and competitive examinations.\n\nFeatures –\n\nIn-depth coverage of the new platforms and financial instruments that have been introduced in the Indian financial system\n\nChapter 15 on Mutual Funds introduces portfolio management services and New Pooled Investment Vehicles such as REITs, InvITS, Alternative Investment Funds and Family Investment Funds.\n\nInsurance concepts such as surety insurance, trade credit insurance, title insurance, crop insurance, social insurance, and Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).\n\nChapter 22 on Fintech has been introduced.\n\nGovernment initiatives such as MUDRA, Pradhan Mantri Mudra Yojana (PMMY) and Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) for supporting micro-finance have been included