Capital Market -The Indian Financial Scene by N Gopalsamy

Capital market is an indicator of the health of any economy. The Indian capital market has shown rapid transformation in the past five years and offers a world-class service to the investors. Capital Market: The Indian Financial Scene describes the various developments of capital market, both at the national and international levels.

The book is divided into four parts. Part I deals with learning and working in global environment. The present era of multinationals and competitiveness entails global entrepreneurship, interdependence of nations and frequent conditioning of national policies dictated by changes in the world economy. The emphasis is on the growth of euro currency markets, international syndication of loans, FDI, etc., which have further strengthened the international linkage of capital markets. Part II discusses banking and project finance, which is probably one of the few sectors where changes have been occasional. The book covers the emerging trends in the banking industry, viz., Internet Banking and its implications. Part III is about Security and Exchange Board of India (SEBI). An educated investor, transparent capital markets, friendly corporate and vigilant regulatory framework, all put together gives us good governance, thus, ensuring a higher value to shareholders. Merchant banking that is synonymous with financial services has been covered in Part IV, which gives an overview of merchant banking, public issue management, portfolio management and corporate restructuring.

In addition to interlinking the Indian financial system with capital market developments and regulatory changes, this book covers policies, procedures, regulations and guidelines relevant for a sound capital market study. A large number of appendices provide useful supplementary study material.

This book is indispensable not only to the students of commerce, management and finance but also to those who have enrolled themselves for the professional courses run by ICSI, ICAI, ICWA and IIB. The book would be equally useful to professionals like merchant bankers, corporate executives, stock exchange community and investors in general.