This text-book presents a comprehensive discussion on Indian financial system and market operations in an easy-to-understand and student-friendly manner. It includes topics on financial institutions, markets, instruments, services, and regulatory bodies, and is enriched with examples and cases illustrating the concepts being discussed. Written primarily for the undergraduate students of commerce, management, and finance, it will also be useful for the students at the postgraduate level in these streams. It will also meet the requirements of the students of professional courses such as CA, CWA, CS, CFA as well as professionals in the field.