The present book explains and examines at length the changes which have swept India's monetary, banking and financial sectors since Independence in 1947, with focus on post-1991 period. The book is organised into 8 parts. Part I deals with money, monetary policy, globalisation and changing functions of central banks world-wide. It also focuses on Reserve Bank of India (RBI) and its monetary and credit policies, particularly in the context of price stability and flow of credit to priority sectors of the economy. Monetary policy reforms in India since 1991 are also covered in this part of the book. Part II traces the evolution and the present status of various financial intermediaries in India . . .