xx        ndian       onom
         Services Trade                           10.4     State Governments                            11.13
         Consultancy Services                     10.5     Special Statutes for Certain Financial       11.14
                                                           Intermediaries
         research and Development (r&D) Services 10.5
                                                           Establishment of FSDC                        11.14
         Space Services                           10.6
         Manufacturing vs. Services               10.7 12. BANKING IN INDIA                       12.1–12.43
         Global Negotiations                      10.7     Introduction                                  12.3
         WTO Negotiations                         10.8     NBfCs                                         12.3
         Bilateral Agreements                     10.8     Debenture Redemption                          12.4
         restrictions And regulations             10.9     reserve Bank of India                         12.5
         Trade and Transport Services             10.9
                                                           Credit and Monetary Policy                    12.5
         Construction Development                 10.9     CRR                                           12.5
         Accountancy Services                     10.9     SlR                                           12.6
         legal Services                         10.10      Bank Rate                                     12.6
         Education Services                     10.10      Repo Rate                                     12.6
         the Need for reforms                    10.10     Reverse Repo Rate                             12.7
         General Issues                         10.10      Marginal Standing Facility (MSF)              12.7
         Sectoral Issues                         10.11     Other Tools                                   12.7
         Outlining future                        10.12     Base rate                                     12.8
                                                           MCLr                                          12.9
     11. INDIAN fINANCIAL MArKEt           11.1–11.14
                                                           revised LMf                                  12.10
         Introduction                             11.2
                                                           Nationalisation and Development of           12.10
         Indian Money Market                      11.2
                                                           Banking in India
         1. Unorganised Money Market              11.3
                                                           Emergence of the SBI                         12.11
         2. Organised Money Market                11.4
                                                           Emergence of Nationalised Banks              12.11
         Mutual funds                             11.6
                                                           regional rural Banks (rrBs)                  12.12
         DfHI                                     11.8
                                                           Coperative Banks                             12.13
         Indian Capital Market                    11.9     Problems of these Banks                     12.13
         Project Financing                        11.9
                                                           financial Sector reforms                     12.14
         1. Financial Institutions                11.9
                                                           Recommendation of CFS                       12.15
         2. Banking Industry                     11.12
                                                           Banking Sector reforms                       12.16
         3. Insurance Industry                   11.12
                                                           DRI                                         12.17
         4. Security Market                      11.12
                                                           Priority Sector lending                     12.17
         financial regulation                    11.13
                                                           NPAs and Stressed ASSEtS                     12.18
         Regulatory Agencies                     11.13
                                                           Recent Upsurge                              12.18
         Quasi-regulatory Agencies               11.13
                                                           Resolution of the NPAs                      12.19
         Central Ministries                      11.13