This article throws light upon the top seven characteristics of a developed money market. The characteristics are: 1. A Developed Commercial Banking System 2. Presence of a Central Bank 3. Sub-markets 4. Near Money-assets 5. Availability of Ample Resources 6. Integrated Interest-rate Structure 7. Other Factors. Characteristic # 1. A Developed Commercial Banking System: For a developed money market not [...]
After reading this article you will learn about the Growth and Development of New Issue Market in India. The new issue market in India is not fully developed as compared to other advanced countries like U.S.A., U.K. and Germany. But there has been tremendous growth in the sphere of new issue activity in India in the 1980s and 1990s. Table [...]
After reading this article you will learn about the Underwriting of Capital Issues:- 1. Meaning and Nature of Underwriting 2. Forms of Underwriting 3. Need and Significance 4. SEBI'S Guidelines. Meaning and Nature of Underwriting: Underwriting in the context of a company means undertaking a responsibility or giving a guarantee that the securities (shares and debentures) offered to the public [...]