Monetary Theory and Banking in India

We feel immense pleasure to launch the 1st edition of this book, “Monetary Theory and Banking in India”. This book has been published strictly according to the new syllabus for B.Com. V-Semester under National Education Policy (NEP) – 2020 & Common Minimum Syllabus for all State Universities and Colleges of Uttar Pradesh.

Monetary Theory and Banking in India Syllabus For B.Com. Vth Semester of Various Universities of Uttar Pradesh

• Unit I : Money : Functions, Alternative Measures to Money Supply in India and their Different Components, Meaning and Changing Relative Importance of Each Component, High Powered Money–Meaning and Uses, Sources of Changes in High Powered Moeny. Financial System : Components, Financial Intermediaries.
• Unit II : Indian Banking System : Definition of Bank, Commercial Banks, Importance and Functions, Structure of Commercial Banking System in India, Regional Rural Banks, Cooperative Bank in India, Process of Credit Creation by Banks; Determination of Money Supply and Total Bank Credit.
• Unit III : Development Banks and Other Non-Banking Financial Institution : Main Features, Problems and Policies for Allocation of Institutional Credit, Problem between the Government and the Commercial Sector, Inter-Sectoral and Inter-Regional Problems, Problem between Large and Small Borrowers.
• Unit IV : The Reserve Bank of India : Functions, Insrtruments of Monetary and Credit Control; Main Features of Monetary Policy Since Independence, Interest Rates; Various Rates in India (as Bond Rate, Bill Rate, Deposit Rate, etc.) Impact of Inflation and Inflationary Expectations.

Monetary Theory and Banking in India Contents 

1. Concept and Functions of Money
2. Money Supply in India and High-Powered Money
3. Financial System and Its Components
4. Financial Intermediaries
5. Indian Banking System: Definition of Bank, Commercial Banks, Importance and Its Functions
6. Structure of Commercial Banking System in India
7. Regional Rural Banks
8. Co-Operative Banking in India
9. Process of Credit Creation By Banks and Determination of Money Supply
10. Development Banks
11. Non-Banking Financial Institutions (Nbfis)
12. Problems and Policies of Allocation of Institutional Credit
13. Reserve Bank and Monetary Regulations in India
14. Interest Rates in India
15. Inflation : Impact and Inflationary Expectations on Interest Rates