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Indian Financial System explains the changing dimensions of the country's financial set-up caused by the financial sector reforms. The book assesses the Indian financial system in light of contemporary changes that have taken place in the financial markets, the mutual funds industry, the insurance and banking sectors, etc. The book provides a sound theoretical foundation, giving a clear conceptual understanding of the subject. It presents a complete picture of the structure, operations, and functions of various components of the Indian financial system. Every chapter in the book begins with the learning objectives and is followed by objective, analytical, and essay-type questions. The book would be useful for graduate and postgraduate level students of commerce, management, and economics.