Financial System Nature & Scope of Financial System Central Bank Development Of RBI Non – Banking Financing Companies Insurance Factoring Forfeiting Services  & Off-Balance Sheet Items Investment Banking Merchant Banking Venture Capital Securitization Debit / Credit Cards Mutual Funds Types of Mutual Funds Advantages of Investing in Mutual Funds Difference between Mutual Funds & Insurance Net Asset Value Leasing Credit Rating Factors Contributing to the Success of the Rating System Bill Discounting Recent Development in Indian Financial System