R. Kannan – författare

On 17 September 1949, C.N. Annadurai (Anna) founded the DMK after his split with Periyar E.V. Ramaswamy. The DMK slowly but surely caught the imagination of the Tamil masses. In 1962, faced with the prospect of a ban, the party shed its separatist agenda and in 1967, the DMK attained power for the first time in Tamil Nadu. Since then, it has remained a potent political force, first under M. Karunanidhi and recently under M.K. Stalin, who succeeded him. Weathering many a political storm, including the 1972 split when its mascot, M.G. Ramachandran (MGR) broke away levelling corruption charges, its ejection from power in 1976 during the Emergency, the second dismissal in 1991 for its alleged dalliance with the Tamil Tigers of Sri Lanka, and the debilitating split in 1993, the party has proved resilient.

- < 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.

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.