Financial markets have been increasingly influenced in recent times by financial innovations in terms of products and instruments, adoption of modern technologies, opening up of the market to the global economy, streamlining of the regulatory framework and so on. Similarly many innovative financial products are introduced to cater to the varied requirements of both corporate and individual customers, In the aftermath of this changing financial scenario, students of commerce and management are badly in need of a suitable text-book covering all these aspects incorporating the latest developments in the respective fields. Realising the imperative need to bring out a suitable book on `Financial Markets and Services` tailored to meet the specific requirements of students of many universities, a modest attempt has been made to present this edition in the hands of the academic community. The speciality of this volume is that all matters are presented in a lucid manner and in simple language, notwithstanding the technical nature of the subject. All latest developments have been covered and above all it is most student friendly. We are confident that this book will serve as a beacon light to the student community who pursue higher education in the discipline of commerce and management. Contents - SECTION A : FINANCIAL MARKETS 1. The Financial System in India 2. Money Market 3. New Issue Market 4. Secondary Market 5. Securities and Exchange Board of India 6. Investors' Protection 7. OTCEI, NSE and BSE 8. Depository System SECTION B : FINANCIAL SERVICES 9. Financial Services 10. Merchant Banking 11. Hire Purchase 12. Leasing 13. Venture Capital 14. Mutual Funds 15. Discounting, Factoring and Forfaiting 16. Securitisation of Debt 17. Derivatives 18. Credit Rating 19. Credit Cards 20. Practicals in Stock Market Operations