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Financial Risk Management: Concepts, Practices, and Challenges in India

Introduction In the modern financial landscape, risk management is integral to the functioning of financial institutions. As financial markets grow in complexity, the importance of understanding, mitigating, and managing risks becomes even more critical. Financial risk management refers to the process by which financial institutions identify, assess, and manage potential risks that could affect their…

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Non-Banking Financial Companies (NBFCs) and Their Contribution to the Financial System in India

Introduction India’s financial system is a complex network comprising various types of institutions, each playing a crucial role in ensuring the economy’s smooth functioning. Among these institutions, Non-Banking Financial Companies (NBFCs) have gained significant importance over the past few decades. These entities serve as an alternative to traditional banks, providing a wide range of financial…

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Financial Relations Between the Centre and States in India

Introduction India follows a federal system of government, where financial relations between the Centre and States play a crucial role in maintaining a balance of power and resources. The financial distribution framework is primarily governed by the Constitution of India, which lays out provisions for taxation, grants, and revenue sharing. Given the diverse economic conditions…

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