Professional Documents
Culture Documents
Financial Markets
Financial Players
Financial Instruments.
Regulatory Environment in India
SEBI
RBI
Y
Y
Debt
Contract
One Party lends to another Party
Predetermined
Interest Rates and Term
Participants
Banks
Financial Institutions
Mutual Funds
Insurance Companies etc.
Instruments
Government Securities (G-Secs)
Public Sector Units Bonds
Corporate Securities
RBI IRDA
NABARD AMFI
EXIM BANK IDBI
NHB NSDL / CSDL.
DICGC NSE/BSE
ECGC Merchant Banker
SIDBI Investment Banks.
SEBI
Primary Market
Instruments issued for first time
Used by
Government/Corporates/PSU¶s
IPO/ IFO
Initial Public/ fund Offering
Secondary Market
Trading of already issued
Stocks
Bonds
Physical Assets
Real Estate ,Gold/ Jewellery, Bullion.
Financial Assets
Savings Bank Account
Fixed Deposits
Post office
Government Bonds, T Bills.
Provident Funds, NSC, KVP etc.
!
But ..
All these are fixed return instruments
Share
Signifies ownership in the company
A company might have thousands of
Shareholders
Pre 1991
Tight Control of Government
Post 1991
Liberalization
Opening of the Economy
Need for Supervision
Regulation
Regulatory Bodies
" c
www.wikipedia.org
www.rbi.org.in
www.sebi.gov.in
www.nseindia.com
www.bseindia.com
www.moneycontrol.com
And, !!!
Thank you !!