Overall financial system:

• Financial institutions.
o Regulatory.
o Intermediaries.
 Banking.
 Non-banking.
o Others.

• Financial markets.
o Capital markets
 Domestic.
 Foreign.
 Organized& unorganized.
 Primary & secondary.
o Money markets.
 Domestic.
 Foreign.
 Organized& unorganized.
 Primary & secondary.

• Financial instruments.
o Short.
o Medium.
o Long.

• Financial services.
Financial market is a dynamic interplay between:

SITUATIONS IN THE MARKET

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RISKS APPETITE
 Financial institutions
Intermediaries Special Regulatory &
development others.
Banking 1) IFCI Regulatory
1) RBI 2) ICICI* 1) RBI.
2) Commercial 3) IDBI* 2) SEBI.
3) Co-operatives 4) IRBI 3) BIFR.
Non-banking. 5) EXIM 4) Insurance
6) NABARD Regulatory
7) Risk Capital Authority
1) Provident & Others
funds Technology 1) ECGC
2) Pension funds. finance 2) SHCI.
3) LIC corporation. 3) CRISIL/ICRA
4) GIC 8) SIDBI. 4) DHFI
5) UTI 9) SFC’s. 5) Merchant
6) Mutual funds 10) SIDC’s. Banks.
7) Investment 6) Factoring
companies companies.
8) Nidhis/chits 7) STCI.
9) Hire 8) Depositories.
purchasing 9) Custodians.
and leasing 10) Money
companies Lenders.
10) Venture 11) Indigenous
capitalist Bankers
11) NBFC’s
12) Corporate
deposits
 13) HDF
companies

Instruments
Equity Preference Debentures
Bonds Bank deposits Insurance plans
Corporate Foreign Participation
Deposits Currency certificate
convertible bonds
GDR’s Euro Bonds FRN’s
Certificate of Commercial Treasury Bills.
deposits Paper
Commercial Call Money Hundis discounts
Bills.
Mortgages Trade credits Repo’s & reverse
Repo’s
Futures Options Swaps

Markets
Call Money Treasury Commercial Bills
Government International Foreign exchange
securities securities market
OTCE’s Discount Market for CP’s
Markets &CD’s
Mortgage Guarentees NSE &other
stock exchanges
Derivatives Bonds Equity
Debenture

Financial services
Hire purchase Installment Credit
Financial Guarantees Performance Guarantees
Merchant banking Loan Syndication
Credit information Credit rating
Refinancing Leasing
Funds Transfer Portfolio Management
Stock Holding Market Making
Depository services Insurances
Acceptances Factoring
Technical & Economic Discounting and
consultancies rediscounting
Underwriting Technology Development
Credit cards Deposit acceptance
Managing capital issues Custodial services