What Are The Features Or Deficiencies Of Indian Money Market?
Indian money market is relatively underdeveloped when compared with advanced markets like New York and London Money Markets. Its' main features / defects are as follows I. Dichotomy II. Lack of Co-ordination and Integration III. Diversity in Interest Rates IV. Seasonality of Money Market V. Shortage of Funds VI. Absence of Organized Bill Market VII. Inadequate Banking Facilities VIII. Inefficient And Corrupt Management
