<Li> Capital market: A capital market is a market for financial assets which have a long or indefinite maturity . Generally it deals with long term securities which have a maturity period of above one year . Capital market may be further divided into: (a) industrial securities market (b) Govt . securities market and (c) long term loans market . <Ul> <Li> Equity markets: A market where ownership of securities are issued and subscribed is known as equity market . An example of a secondary equity market for shares is the Bombay stock exchange . </Li> <Li> Debt market: The market where funds are borrowed and lent is known as debt market . Arrangements are made in such a way that the borrowers agree to pay the lender the original amount of the loan plus some specified amount of interest . </Li> </Ul> </Li> <Ul> <Li> Equity markets: A market where ownership of securities are issued and subscribed is known as equity market . An example of a secondary equity market for shares is the Bombay stock exchange . </Li> <Li> Debt market: The market where funds are borrowed and lent is known as debt market . Arrangements are made in such a way that the borrowers agree to pay the lender the original amount of the loan plus some specified amount of interest . </Li> </Ul> <Li> Equity markets: A market where ownership of securities are issued and subscribed is known as equity market . An example of a secondary equity market for shares is the Bombay stock exchange . </Li> <Li> Debt market: The market where funds are borrowed and lent is known as debt market . Arrangements are made in such a way that the borrowers agree to pay the lender the original amount of the loan plus some specified amount of interest . </Li>

Role of financial markets in indian financial system