Financial Institutions & Financial Institutions & MarketsMarkets

Dr. L. MishraDr. L. Mishra

..

Indian Financial SystemIndian Financial System

Indian Financial System

Financial Markets

FinancialInstitutions

Financial Instruments

FinancialServices

Financial MarketsFinancial Markets

FinancialMarkets

Primary Market Secondary Market

Secondary MarketsSecondary Markets Secondary MarketsSecondary Markets

Market makingMarket making : Giving two-way : Giving two-way quotes (buying & selling rates) on quotes (buying & selling rates) on an instrument with the purpose of an instrument with the purpose of creating a secondary market. creating a secondary market. Market making can be done by Market making can be done by the Institution which has issued the Institution which has issued the instrument or by another the instrument or by another institution for a fee.institution for a fee.

InstrumentsInstruments Secondary Secondary MarketsMarkets

Stocks & BondsStocks & Bonds Stock ExchangesStock Exchanges

GovernmentGovernment

SecuritiesSecurities

SBI-DFHI LtdSBI-DFHI Ltd

Money MarketMoney Market

InstrumentsInstruments

SBI-DFHI LtdSBI-DFHI Ltd

CommoditiesCommodities CommodityCommodity

ExchangesExchanges

DerivativesDerivatives Stock & Stock & Commodity Commodity ExchangesExchanges

Foreign Foreign ExchangeExchange

RBI, Forex RBI, Forex DealersDealers

Financial MarketsFinancial Markets

Financial Markets

Money Market

CapitalMarket

DerivativesMarket

Commodity Market

Foreign Exchange

Market

Financial InstitutionsFinancial Institutions

FinancialInstitutions

FinancialIntermediaries

RegulatoryInstitutions

OtherService Providers

Intermediation &Intermediation &DisintermediationDisintermediation

Cash FlowCash Flow

IntermediationIntermediation

DisintermediationDisintermediation

Savers/Investors

BankAs

IntermediaryBorrowers

Regulatory InstitutionsRegulatory Institutions

Institutions / MarketsInstitutions / Markets RegulatorRegulator

BanksBanks Reserve Bank of India (RBI), GOIReserve Bank of India (RBI), GOI

Non-Banking Financial Companies Non-Banking Financial Companies (NBFCs)(NBFCs)

RBIRBI

Forex Market Forex Market RBIRBI

Money Market Money Market RBIRBI

Capital MarketCapital Market Securities & Exchange Board of Securities & Exchange Board of India (SEBI)India (SEBI)

Capital Market ParticipantsCapital Market Participants

& Service Providers (mutual Funds, & Service Providers (mutual Funds, ETFs, Credit Rating Agencies etc)ETFs, Credit Rating Agencies etc)

SEBISEBI

Regulatory InstitutionsRegulatory Institutions

Institutions / MarketsInstitutions / Markets RegulatorRegulator

Commodities MarketCommodities Market Forward Markets Forward Markets Commission (FMC)Commission (FMC)

Insurance Market & Insurance Market & InstitutionsInstitutions

Insurance Regulatory & Insurance Regulatory & Development Authority Development Authority (IRDA)(IRDA)

Pension FundsPension Funds Pension Fund Regulatory Pension Fund Regulatory & Development Authority & Development Authority (PFRDA)(PFRDA)

Derivatives MarketDerivatives Market SEBI, FMC, RBI, GOISEBI, FMC, RBI, GOI

Banking InstitutionsBanking Institutions

BankingInstitutions

Commercial Banking

Institutions

Development Banking

Institutions

InvestmentBanking

Institutions

Banking InstitutionsBanking Institutions

Banks

Commercial Banks

Co-operative Banks

Public SectorBanks

(N-19, IDBI & SBI Group)

Old PrivateSector Banks

New PrivateSector Banks

Regional Rural Banks

Mixed & Universal BankingMixed & Universal Banking

Mixed & Universal BankingMixed & Universal Banking

+ + = Mixed Banking= Mixed Banking

+ + = + + = Universal BankingUniversal Banking

CommercialBanking

DevelopmentBanking

CommercialBanking

DevelopmentBanking

Investment Banking

Development Financial InstitutionsDevelopment Financial Institutions

SectorSector Development Financial Development Financial Institution (DFI)Institution (DFI)

Medium & Large Scale IndustryMedium & Large Scale Industry IFCIIFCI

SME SectorSME Sector SIDBISIDBI

InfrastructureInfrastructure IDFCIDFC

Agriculture & Rural DevelopmentAgriculture & Rural Development NABARDNABARD

Foreign TradeForeign Trade Export & Import Bank of IndiaExport & Import Bank of India

HousingHousing National Housing Bank (NHB)National Housing Bank (NHB)

TourismTourism Tourism Finance Corporation of India Tourism Finance Corporation of India (TFCI)(TFCI)

Power Power Power Finance Corporation (PFC)Power Finance Corporation (PFC)

Other Service ProvidersOther Service Providers

Credit Rating Agencies Credit Rating Agencies (ICRA, CRISIL, CARE)(ICRA, CRISIL, CARE)

Factoring Companies Factoring Companies (SBI Factors,, Foremost Factors)(SBI Factors,, Foremost Factors)

Depository Companies Depository Companies (NSDL, CDSL)(NSDL, CDSL)

Leasing & Hire Purchase Companies Leasing & Hire Purchase Companies ( Tata Finance )( Tata Finance )

Venture Capital Companies Venture Capital Companies (TDICI, RCTFC)(TDICI, RCTFC)

Housing Finance Companies Housing Finance Companies (HDFC, DHFL)(HDFC, DHFL)

Mutual Funds Mutual Funds (ICICI MF, HDFC MF)(ICICI MF, HDFC MF)

Exchange Traded Funds Exchange Traded Funds (Gold ETFs)(Gold ETFs)

Financial InstrumentsFinancial Instruments Zero Coupon BondsZero Coupon Bonds Deep Discount BondsDeep Discount Bonds Convertible BondsConvertible Bonds ADRs/GDRsADRs/GDRs Foreign Currency Bonds (Yankee, Bulldog, Samurai)Foreign Currency Bonds (Yankee, Bulldog, Samurai) Euro- Dollar BondsEuro- Dollar Bonds Treasury BillsTreasury Bills Dated Securities (G-Secs)Dated Securities (G-Secs) Commercial PapersCommercial Papers Certificate of DepositsCertificate of Deposits Preference SharesPreference Shares Call MoneyCall Money