HPH Business Economics by S. K. Misra

In accordance with the requirements of the syllabus, the discussion in the edition has been divided into two sections. Each section contains three modules. The coverage, organisation and contents of these modules is as follows:

Module 1 on `Commercial Banking` discusses assets and liabilities of commercial banks, trade off between liquidity and profitability, Narasimham Committee Reports on Financial and Banking Sector Reforms, banking developments in India during the pre-nationalisation phase and post-nationalisation phase, deposit mobilization and bank lending trends, banking sector reforms, group-wise performance of the banking sector, and new technology in banking in India.

Module 2 on `Central Banking` discusses the general central banking and developmental functions of Reserve Bank of India, monetary policy of the Reserve Bank of India, control of currency and credit by the Reserve Bank of India, short-term liquidity management by the Reserve Bank of India, and issues pertaining to microfinance and self-help groups.

Module 3 on `Financial Markets` discusses the Indian money market and the Indian capital market in detail. The chapter on Indian money market discusses the unorganised and organised sectors of the Indian money market, features of the Indian money market, and money market reforms in India. The chapter on Indian capital market highlights the role of capital market in industrial growth, capital market reforms undertaken to strengthen the capital market in India, role of SEBI, mutual funds, and forward, future and commodity markets.