The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled ‘The Changing Scenario Of Industrial Finance and Capital Market In The New Millennium’ is a book form of a lecture delivered by Dr R. H. Patil on the auspices of the A.D Shroff Memorial Trust in Bombay. The booklet was published on 7th November 2000.

The booklet illustrates the dynamic progress made by the Development Financial Institutions in the growth of the Indian economy before the 1992 liberalisation and proposes the measures required for DFIs to compete in the global market and with the commercial banks to provide long term finance to the industry. The brokers, banks, merchant brokers, stock exchanges, capital markets through their services act as an intermediary between the savers and the fund users; thus the risks involved in the case of financial institutions are borne by the government I.e., taxpayers money and by the investors in case of capital markets. Hence, Dr negates the discriminatory policies in favour of banks and against the capital markets and asserts to rely on the market mechanism to discipline habitual defaulters than by the banks/institutions. Similarly, Dr Patil elaborates on the asset-liability management by banks and suggests the marketable alternatives aiding both the lenders and borrowers. Lastly, Dr Patil encourages greater transparency in banking and bond deals to protect markets from malpractice and can assist the consumer to make better decisions in terms of investing.