The financial sector of a country aids the effective operation of its economy. It directs, controls and allocates resources, in a proportionate manner so as to maintain economic equilibrium and stability. A financial intermediary provides financial assistance or markets financial products to individuals / business houses. These intermediaries are significant for any economy, as they bridge the gap between the units with excess funds (primarily households), and the units who are short of funds (businessmen, entrepreneurs, business houses). These intermediaries play an important role in mobilizing funds in the economy. Unlike earlier, nowadays, Indian financial system is undergoing rapid changes. This results in increased competition among financial intermediaries and introduction of new instruments for investment/borrowing. Also, due to globalization they are now trying to adopt global standards. With the increase in the competition (in the scenario arising from the advent of global financial intermediaries in large numbers), the Financial Intermediaries are now adopting new methods and procedures for their basic function of mobilizing funds. This book is a significant contribution, as it tries to describe the true picture of the current position of Indian Financial Intermediaries. It not only focuses on the Improvement but also on the areas which still need improvement to be on par with global standards. In short, this book focuses on the current trend of Indian Financial Intermediaries in the era of increasing competition. It is a ‘must’ read for all management students, researchers and investors.
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