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Synopsis Economic development of a country has an important bearing on the structure of its economy. Several structural changes take place consequent upon economic development. All these changes indicate that India is coming out of the shackles of economic backwardness, yes it is an under developed economy. In the present volume efforts have been made by the learned contributor to analysed important Indian Capital Market reform in the light on on-going economic and financial sector reform measures. The issue included in the volume are mainly role of UTI, Banking sector reform and RRB, WTO and banking sector, non-banking financial intermediaries, investment climate in changing environment, mutual fund and development, private financial institutions, exchange traded funds, profit and profitability of commercial banks, restructuring of banking, credit rating, banking in the new millennium, financial management in global perspective, stock market and SEBI etc. The researcher students, and policy makers find the contents of the book quite useful.