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Establishment of SEBI Entry in global markets Entry of foreign institutional investors Establishment of National Securities Depository Ltd.

Appointment, of market makers Establishment of over the Counter Exchange of India (OTCEI) Establishment of National Stock Exchange (NSE)

Establishment of National Stock Exchange (NSE) Establishment of credit rating agencies Establishment of specialized financial institutions. Development of financial services. Increase in number of stock exchanges. Growth of mutual funds Development of underwriting Increase in awareness and confidence of inverting public

Screen-based

trading of securities

Dematerialization Shorter Foreign

settlement cycle Institutional Investors risk management system

Comprehensive

Investor

protection clearing services

Electronic Listing

of securities infrastructure

Diversified Corporate

governance

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