One of the bedrocks of our financial system is financial innovation and financial innovation is the life blood of efficient and responsive capital markets. The last 25 years have witnessed acceleration in the process of financial innovation. This has been spurred largely by increased volatility...

India's financial markets – equity market, money market, forex market and credit market – experienced the knock-on effects of the global financial crisis. The equity markets and forex markets came under pressure because of the reversal of capital flows as part of the global deleveraging...

The perception about gold in India has come a long way from the days when its main function was to merely adorn and act as a status symbol. The emotional investment in the metal was so huge that parting with it seemed unthinkable. Consequently, it seldom yielded worthwhile returns. Now, however,...