The Indian financial system is a dynamic and interconnected framework through which savings are mobilised, credit and investment are facilitated, financial risks are managed, and economic growth is supported. This book presents the financial system as an integrated whole, covering financial intermediation, commercial banking, central banking, RRBs, cooperative credit, development banking, NBFCs, investment and merchant banking, mutual funds, SEBI regulations, money market, primary and secondary markets, foreign exchange, foreign investment and international financial markets, and the Indian fiscal system.

The book combines conceptual foundations with current regulatory and policy developments, practical illustrations, numerical applications, contemporary examples, and case studies. It also recognises the changing nature of finance through its coverage of FinTech, digital banking, digital payments, financial innovation, technology-enabled financial services, artificial intelligence, and other emerging technology-driven developments that are reshaping the way financial services are delivered, regulated, and consumed.

Its learning-oriented approach is reinforced through MCQs, knowledge-based questions, and case-based questions, enabling readers to progress from conceptual understanding to practical application and analytical thinking.
Designed for MBA, PGDM, M.Com., B.Com., Banking and Finance, Economics, and other academic programmes, the book is equally relevant for learners pursuing CA, CMA, CS, CFA, FRM, banking and financial-sector certifications, as well as academicians, researchers, professionals, financial-sector practitioners, and readers seeking to understand India's evolving financial architecture.

By connecting traditional financial institutions and markets with regulation, technology, innovation, fiscal policy, and international financial flows, the book provides a practical perspective on how the Indian financial system functions, evolves, and responds to the changing needs of the economy.