This book examines the trend and growth of non-banking financial companies (NBFCs), both from balance sheet and regulations view-points. It further investigates the role of NBFCs in furthering financial inclusion, last-mile delivery of credit and their contribution to financial sector. Since the Reserve Bank of India (RBI) formally recognised the NBFCs in India in 1964, they have increased significantly in terms of size, form and types of products and instruments. They have also managed their asset quality better than banks. Traditionally they were dependent on banks for funds, but after the global financial crisis they began to tap the capital market. Concomitantly, the RBI regulations have closed the fault lines and tightened rules. The book assesses whether NBFCs in India should be treated as shadow banks, discusses how to achieve the right amount of regulation and safeguards without unduly stifling the NBFC sector, and studies the funding opportunities and challenges of NBFCs in India. As such, it serves as a basic reference for students in finance, and a valuable tool for professionals such as policymakers and investment analysts and other stakeholders in the finance area.

The goal of this book is to provide an extensive collection of results which generalize classical real analysis. Besides discussing density, approximate continuity, and approximate derivatives in detail, culminating with the Denjoy-Saks-Young Theorem, the authors also present an interesting example due to Ruziewicz on an infinite number of functions with the same derivative (not everywhere finite) but the difference of any two is not a constant and Sierpinski's theorem on the extension of approximate continuity to nonmeasurable functions. There is also a chapter on monotonic functions and one dealing with the Tonelli-Goldowsky result of the weakening of the hypotheses on a function f such that f'r > - < f is increasing. The latter part of the book deals with functions of bounded variation and approximately continuous functions. Finally there is an exhaustive chapter on the generalized Cantor sets and Cantor functions. The bibliography is extensive and a great variety of exercises serves to clarify and sometimes extend the results presented in the text.