Narashimham Committee on banking system in India
Post 1991 economic crisis in India, it was felt that banks had a crucial role to play in the economy and that banks in India were not performing efficiently. The Government took several steps to remodel the country’s financial system. For that, Dr.Manmohan Singh, then finance minister, initiated revamping the banking sector in India. A…
Read article
Evolution of Financial system: Phase I, Phase II and Phase III in India
(The India Financial System falls into 3 different phases: Phase I: Pre-1951 organisation, Phase II: 1951 to Mid-eighties organisation, Phase III: Post-Nineties Organisation) The evolution of the financial system in India may be divided into three broad phases: (I) the traditional phase (Pre 1951 organisation,) (II) the transitional phase (1951 to Mid-eighties organisation,) and (iii)…
Read article
What is a financial System?
A financial system is a network of financial institutions – such as insurance companies, stock exchanges, commercial banks, etc. The financial system of a country plays a dynamic role in economic development by encouraging both savings and investment. The system operates at national and global levels. Though they are not the same across the…
Read article
Do you know how electronic gold receipts (EGR) are traded through Gold Exchange in India?
The Union Budget 2023’s proposal to allow the conversion of physical gold into Electronic Gold Receipts is a significant move to promote electronic gold in the market. The Gold Exchange is a national platform for buying and selling Electronic Gold Receipt (EGR). It is a separate segment for exchange for underlying standardized gold. EGR is…
Read article
What is a commodities market?
A commodity market is a marketplace where investors trade several commodities like spices, energy, precious metals, and crude oil within a country. Investors can gain exposure to commodities by buying them on the market, investing in companies that produce them, or putting money into futures contracts whose value is derived from their price changes. Commodities…
What are Financial Instruments, Assets and Securities?
A financial instrument is any asset that holds capital and may be traded on the market. Cheques, stocks, shares, bonds, futures, and options contracts are all types of financial instruments. Money Market Funds (also known as liquid funds), Bank Fixed Deposit (Bank FDs), Post Office Savings Schemes, Public Provident Funds (PPF), Company Fixed Deposits (FDs),…
Read article