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What is Financial System Flow Chart Overview about?

The document discusses the evolution of financial services in India over three phases from 1960 to the present. It describes the key developments in each phase, including the rise of merchant banking in phase 1 (1960-1980), the growth of insurance and investment companies, and the introduction of modern services like mutual funds in phase 2 (1980-1990). Phase 3 (1990 onward) saw the development of depository services, online trading, and legislative reforms that liberalized the economy and opened the sector

Author

Srikanth Balakrishnan

Language

EN