Financial Markets and Institutions (Tenth edition) has undergone major revision with new material in every part of the book, including updating of all data through 2023 whenever possible. However, it still retains the basic hallmarks that make it the best-selling textbook on financial markets and institutions. The text encourages students to understand the connection between the theoretical concepts and their real-world applications. By enhancing students? analytical abilities and concrete problem-solving skills, this textbook prepares students for successful careers in the financial services industry or successful interactions with financial institutions, whatever their jobs. New This Edition ? New sections, cases and mini-cases covering the impact of Covid-19 pandemic on Indian markets and monetary policy Case studies and mini-cases relevant to the Indian context, such as Over the Counter Exchange in India (OTCEI), NABARD?s deep discount bonds, Collateralized debt obligations in India, and many more In-depth coverage of financial institutions with topics such as shadow banking, NBFCs, structure of commercial banking and branch authorization in India Detailed discussions on RBI and its prompt corrective action framework for commercial banks in India, macro-prudential framework, and major financial legislations in India