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Indian Financial System is a comprehensive reference book that covers the Indian Financial Systemand its functions. Summary Of The Book H. R. Machiraju’s Indian Financial System is an all-inclusive book designed for students of economics and business administration. It provides a detailed coverage of the working of money market, capital market, and financial intermediaries. It explains the basic fundamentals, regulations and practices associated with the Indian financial system. The Indian financial system has been thoroughly revised in accordance with the changing economic scenario. This has led to the complete revision of Machiraju’s book Indian Financial System. Thus, this fourth edition has been entirely revised so as to accommodate the changes that took place in the recent years of the financial system. However, the author has retained the original focus of the book, the analysis of the principles involved in the foreign exchange market, capital market, and money market. Indian Financial System lays emphasis on Corporate Bond Market, Financial Sector Assessment, Secondary Market in Bonds, International Financial Crisis, Reserve Bank and Priority Sector, Microfinance, Demise of Investment Banks in USA in 2008, Altered Structure of International Syndicated Loans, Decline of DFI’s, and Basel II Guidelines 2007/2008. This fourth edition of the book covers Commercial Banking, An Introduction to Indian Financial System, Regional Rural Banks, Money Market, Investment Banking, Cooperative Credit, Savings and Financial Intermediation, Development Banking, Mutual Funds, Primary Market, The Indian Financial System, Reserve Bank Of India, Accessing International Capital Markets, Non-Bank Financial Companies, Foreign Exchange Market, Merchant Banking, Secondary Market, SEBI, and Foreign Investment and its Regulations. About H. R. Machiraju H. R. Machiraju is a prolific author, researcher, teacher, and financial economist. Machiraju has authored Introduction To Project Finance, International Financial Markets And India, The Working Of Stock Exchanges In India, Modern Commercial Banking, Merchant Banking, Fiscal Policy for Equitable Growth, Corporate Governance and International Financial Management and many more. H. R. Machiraju holds a Doctorate degree in Economics from Indiana University, USA. He has worked as a teacher at BITS Pilani and Andhra University and has a teaching experience of more than four decades. In 1984, the High Powered Committee on Stock Exchange Reforms recognized his contributions to the field of capital market in its report.