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State Governments,
Provident Funds,
Primary Dealers,
Securities Trading Corporation of India (STCI), or
Public Sector Undertakings (PSUs),
Non-resident Indians and overseas corporate bodies.
5. It is a need-based market wherein the demand and
supply of money shape the market.
In the 1990s:
The government set up a high-level committee in August 1991 under
The chairmanship of Mr. M Narasimham (Narasimham Committee) to
Examine all aspects relating to structure, organization, functions, and
Procedures of the financial system.
b.
c.
d.
e.
3.
4.
Certificate of Deposits
Investors: Individual
Corporations
Trusts
Associations
Investment limit:
Treasury Bills
Features:
form.
formula:
Y=
(100-P)*365*100
-----------------P*D
Repo
Commercial Bills
Commercial Papers