Taxmann Financial Markets & Institution B.Com.(Hons.)/B.Com By Vinod Kumar Edition May 2025

Taxmann Financial Markets Institutions & Services By Vinod Kumar

Taxmann Financial Markets Institutions & Services By Vinod Kumar

Financial Markets & Institutions is a comprehensive textbook that offers in-depth insights into the functioning and structure of financial markets and institutions, focusing on the Indian context. It covers the latest reforms, regulatory frameworks (RBI, SEBI, IRDA), and contemporary topics such as financial stability, digital banking, venture capital, and private equity. The content is presented in an easy-to-understand language with practical examples, figures, and tables to help readers grasp the complex concepts of money markets, capital markets, banking, insurance, NBFCs, etc.

This book is intended for the following audience:

• Undergraduate Students – Specifically designed for students of:
• B.Com. (Hons.) Paper DSE 3.2
• B.Com. Paper DSE 5.2
• As per the Undergraduate Curriculum Framework (UGCF) of the University of Delhi, NCWEB, SOL, and other Indian universities
• Postgraduate & Management Courses – Useful for those pursuing BBA, MBA, or specialised courses in Indian Financial System, Financial Markets, or Merchant Banking
• Financial Market Aspirants & Professionals – Investors, corporate professionals, or anyone aiming to understand capital markets, money markets, or the broader financial system

The Present Publication is the 4^th Edition, authored by Dr Vinod Kumar & Dr Manmeet Kaur, with the following noteworthy features:

• [Simple & Understandable Language] Written in a reader-friendly manner, making complex financial concepts accessible
• [Comprehensive Coverage] Covers Money Markets, Capital Markets, Banking, Insurance, NBFCs, Mutual Funds, Venture Capital, Private Equity, etc.
• [Latest Regulatory Insights] Incorporates the latest guidelines and reforms of RBI, SEBI, IRDA, and other regulatory bodies
• [Practical Illustrations] Includes contemporary examples and cases from the banking, insurance, and securities markets.
• [Use of Figures, Tables & Graphs] Difficult concepts are simplified with visual aids for better understanding.
• [Aligned with NEP & UGCF] Incorporates changes introduced in the Undergraduate Curriculum Framework (UGCF) and the National Education Policy
• [End-of-Chapter Exercises & Past Exam Papers] Practice questions, summary points, and recent Delhi University exam question papers to reinforce learning and aid in examination preparation

The coverage of the book is as follows:

• Evolution & Basics of Financial Systems (Chapters 1 & 2)
  • Role of financial systems in economic development, indicators of financial development, money market instruments, and the concept of FIMMDA
• Capital Markets (Chapters 3–7)
  • Equity and debt markets, primary and secondary market operations, stock indices (NIFTY, SENSEX, Dow Jones, NASDAQ), investor protection by SEBI
• Indian Debt Markets & Bond Instruments (Chapter 4)
  • Junk bonds, deep discount bonds, and recent developments in the Indian debt market
• Financial Institutions & Commercial Banking (Chapters 8 & 9)
  • Classification of banks, asset liability management, NPAs, MUDRA financing, the Insolvency and Bankruptcy Code, financial inclusion, the role of technology in banking
• Insurance Sector (Chapter 10)
  • Life and non-life insurance in India, public and private sector companies
• Mutual Funds & NBFCs (Chapters 11 & 12)
  • Types of mutual fund schemes, NBFCs’ role, and regulations
• Credit Rating, Venture Capital & Private Equity (Chapters 13 & 14)
  • Different credit rating agencies, screening and valuing ventures, global practices
• Financial Stability & Crisis (Chapter 15)
  • Importance of financial stability, indicators, global financial crises, and emerging challenges

About the author

Vinod Kumar

Dr. Vinod Kumar is M.Com., M. Phil, Ph.D. DBF (ICFAI), AFP (FPSB). He is NSE certified for capital markets dealers’, derivatives, mutual funds and commodity markets. He is a merit scholarship holder and gold medallist from Delhi School of Economics, Delhi University, for his post-graduation. He is an alumnus of Shri Ram College of Commerce. He has the teaching experience of 40 years teaching graduate and post-graduate students of Delhi University and many of the management institutes of repute. He was Dean and Director of the international college of financial planning for two years. He presented research papers at various national and international universities on financial markets, derivative markets, commodity markets, financial planning, etc. He got an award for the best paper in chartered accountant on reported earnings. He has been conducting workshops for FPSB, NSE, BSE, BNP Paribas and Bajaj Capital on various subjects of financial markets. He is the founder-editor of the investors’ India magazine of Bajaj Capital. He has guided many of the PhD students who have been awarded doctorate qualifications. He is also an associate of the Indian Institute of Advanced Studies, Shimla. He was the coordinator for the e-pathshala (UGC Programme) for financial markets and institutions. He was awarded a major project of UGC for commodity and currency markets inter-relationships submitted in 2013. Dr. Vinod Kumar was the associate professor at SGND Khalsa College, Delhi University. He teaches as guest faculty for M. Com. at Delhi School of Economics (DSE) and Faculty of Management Studies (FMS), Delhi University, Teaching financial markets and investment management, Strategic financial management and managerial finance.

Manmeet Kaur Bawa

Dr. Manmeet Kaur is an Associate Professor of finance in JGLS, O.P. Jindal Global University. She has completed her PhD in Finance from the Faculty of Management Studies, University of Delhi. Her specialization includes corporate governance, financial markets and services, and corporate finance. She has been teaching these subjects at various institutions of the University of Delhi since 2011. She has published articles extensively in various international and national journals in the area of governance and banking. She has also presented many papers in various international and national conferences organized by IIM’s, FMS, and other organizations. She has also authored two books on Financial Markets, Institutions and Services. She has been a resource person at various Faculty Development Programs being conducted for faculty in multi-discipline areas organised by the University of Delhi and other eminent institutions.