what do you understand by “Financial Management”? Discuss its significance in Business Management.
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With effect from may 1,1989, the RBI deregulated money market interest rates which proved to be significant step. This was done to make interest rate flexible and lend transparency to transactions in the money market. ... Certificate of deposits were introduced in Indian Money Market in 1988-99.
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Financial management refers to the strategic planning, organising, directing, and controlling of financial undertakings in an organisation or an institute. It also includes applying management principles to the financial assets of an organisation, while also playing an important part in fiscal management.
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