PART VII: Financial Systems
Part VII elaborates on the financial system of India. Beginning with a study of money and its functions, the discussion shifts to how the value of money is determined through index numbers. This study is followed by detailed analyses of commercial banks and the central bank, with particular reference to the Indian central bank—the Reserve Bank of India. The role of other financial institutions is also scrutinized here. This part ends with a detailed discussion of the Indian stock market and a critical analysis of SEBI, the capital market regulator.