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Money Market - Regulated by RBI

(Short Term)
Financial Assets with a maturity of less than one
year
Financial
Markets

Indian Financial
System

Capital Market
(Medium and Long Term)
Consists of Development Banks, Commercial
Banks and Stock Exchange

Consists of RBI, Commercial Banks, NBFCs, Co -Operative


Banks, Financial Institutions like LIC, GIC, UTI etc..
New Issues Market (IPO - new or to
expand)
(Primary)
Consistis of Banks, Financial Inst,
Insurance Cmp, Mutual Funds,
Individuals.
Old Issues Market
(Secondary/Stock
Exchange)

Banks
Organized
NBFCs
Non Banking
Financial Companies
Financial
Institutes
Indegenious
Banks
Unorganize
d
Money Lenders

Initiated through
IPO, Rights Issue,
e-IPO

Merchant Bankers. Mutual


Funds, Financial Inst, Individual
Investors and Stock Brokers.

Money Market - It has no physical location. So,


transactions are done by using phone, fax and
internet. (Instrumets/Products)
(Instrumets/Products)

Treasury Bill / Zero Coupon Bond (Issued in 1917 by Govt of India)


(Government Securities - Issued by RBI on behalf of Government to meet short
term requirements)
Issued at less than face value (issued prise) and repaid at face value. Intrest
recived is called as dicount. Minimum of 25,000 and availible in multiples of 25000.
Availible in Primary and Secondary markets.
Banks, Finanacial Institutions and corporations play major role in TB market.

14 Days TB
91 Days TB
182 Days
TB
364 Days
TB

Certificate of Deposites - Short term, Unsecured, negotiable instruments. Fully


transferable.
(91 days - One year) Can withdraw funds on demand only after payment of penalty.
(Promisory note delt by Banks and Special Financial Institues to raise funds)
Commercial Papers (15 to One year)
Short term unsecured issued in the form of promisory note. There are transferable with a fixed
maturity period.
(Issued by Companies, Financial Institues) - Actively traded in Secondary markets.

Commercial Bills (Short term,


negotiable, self liquidating
instrument) which is used to
finance working capital
requirement of firms.

Inter Corporate Deposites


(ICD)

Tall Money
(Lended for One Day)
Call / Notice Money (Lended for 1-14 Days)
(Delt by Banks) - Repayable on Demand.
Commercial Banks borrow from each other. Call
Rate is volatile.
Term Money
(15 Days - More)

Government / Gilt Edged Securities


(Gilt - Best Quality)
Ordinary / Equity Shares
(No predetermined rate of dividend
amounts)

Capital
Capital Market
Market
(Instrumets)
(Instrumets)

Shares
Preferenced Shares
(Predetermined rate of dividend
amounts)
Debentures
(Corporates to raise money from public)

Public Deposites

Loan from Financial Institutes