Books and MonographsChakrabarti, Rajesh, De, Sankar. . "Capital Markets in India ", Tokyo: Nomura Institute of Capital Markets, New Delhi: Sage Publications, 2010Read Description >Close >This book provides a comprehensive picture of the recent trends and developments in the Indian finance scenario. It provides the reader with a comprehensive description and assessment of the Indian capital markets, and an analytical approach together with a description of major recent developments and the current status of the finance sector. The collection deals with issues like brokerage, security analysis, and underwriting, as well as the legal infrastructure of the markets.
Books and MonographsDe, Sankar.,F, Allen.,Chakrabarti, Rajesh. "India's Financial System" in Nomura Occasional Series on Contemporary Capital Markets, Nomura Institute of Capital Markets Research, Tokyo , 2009Read Description >Close >With recent growth rates among large countries second only to China’s, India has experienced nothing short of an economic transformation since the liberalization process began in the early 1990’s. In the last few years, with a soaring stock market, significant foreign portfolio inflows including the largest private equity inflows in Asia, and a rapidly developing derivatives market, the Indian financial system has been witnessing an exciting era of transformation. The banking sector has seen major changes with deregulation of interest rates and the emergence of strong domestic private players as well as foreign banks. At the same time, there is some evidence of credit constraints for India’s SME firms that rely heavily on trade credit. Corporate governance norms in India have strengthened rapidly in the past few years. Family businesses, however, still dominate the landscape and investor protection, while excellent on paper, appears to be less effective owing to an overburdened legal system and corruption. In the last few years microfinance has contributed in a big way to financial inclusion and is now attracting venture capital and for-profit companies – both domestic and foreign.