INVITATION

Integrating the Credit Markets : Challenges Ahead

-- R Vaidyanathan

Globalizing the financial sector without domestic integration of the credit markets may lead to a situation of cherry picking by the global players and/or linkages created only at the `creamy layer' level without adequate strengthening of the base of the system.

© 2007 IUP . All Rights Reserved

INVITATION

Wealth Management in India : Opportunities Galore

-- Vivek Kanwar

The rising incomes and the unlocking of wealth from closely held businesses have created a whole new generation of individuals that constitutes a credible market opportunity for asset managers, private bankers, financial advisors and others.

© 2007 IUP . All Rights Reserved

INVITATION

Consolidation in Indian Banking : Pros and Cons

-- PL Gairola

This article attempts to position the issue of consolidation in Indian banking in a proper perspective, analyze the pros and cons and suggest a feasible framework for consolidation.

© 2007 IUP . All Rights Reserved

INVITATION

Autonomy for PSBs : A Much Needed Boost?

-- CP Swarnkar

For a country like India, where social obligations are still not fully met, some sort of regulation or control is indispensable, and hence, it is advisable to have partial governmental control of PSBs instead of giving them full autonomy.

© 2007 IUP . All Rights Reserved

INVITATION

Hedge Funds and the International Banking System : Sleeping with the Enemy

-- Narendra Chokshi

Hedge funds supplement traditional banking activities by taking on credit risks originated by the banks as well as credit risks that fall outside the purview of traditional banks.

© 2007 IUP . All Rights Reserved

INVITATION

Fuller Capital Account Convertibility in India : Challenging Times

-- Amadou Sy

Indian banks' risk management needs to be improved further to address the challenges arising from fuller capital account convertibility. Prudential and regulatory measures are needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility.

© 2007 IUP . All Rights Reserved

INVITATION

International Banking : Emerging Trends

-- Jairaj Purandare

The world's large banking markets are at an inflexion point. Shareholders, senior management and other stakeholders have now begun to realize that this is now the point of time in the economic cycle when top line growth is petering out.

© 2007 IUP . All Rights Reserved

BANKING

Operational Risk Management : Challenges under Basel II

-- GRK Murty

The challenge for banks is to put in place a risk-control system that minimizes the volatility in profit and engenders risk-consciousness across the rank and file of the organization.

© 2007 IUP . All Rights Reserved

COVER STORY

Indian Banking Sector: Of Performance, Progress and Challenges

-- Amit Singh Sisodiya, Y Bala Bharati and P Kavitha

With buoyancy in the overall economy, led by robust corporate performances, the banking sector reported sterling performances. A host of positives characterized the banking sector in the country during the fiscal 2006-07. Against this backdrop, The Analyst's special issue on "Indian Banking 2006-07" offers a powerful perspective on various aspects of banks' performances and more.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

Basel II : Implications for Indian Banking

-- Russell Parera

Most banks are required to rethink their business strategies as well as the associated risks to facilitate the implementation of Basel II.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

Interest Rates : Future Outlook

-- Joydeep Sen

Price determination in the secondary market is a function of liquidity in the system and events in the domestic and global market that shape interest rate expectations.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

The Indian Banking System : Challenges and Prospects

-- Ananda Bhoumik

Indian banks have effected structural improvements in their risk management capabilities, and while a lot more needs to be done before the modeling approaches under Basel II can be validated, investments in technology have helped improve credit appraisal and loan monitoring capabilities.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

Risk Management in Public Sector Banks : Towards Integrated Risk Management

-- KC Pandya

Sound risk management will ensure a healthy bottom line for the bank as risk taken by the bank will be commensurate with return and will be within an approved risk management policy.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

Interest Rates : Different Strokes

-- Shibani Sircar Kurian

Over the last three years, the macroeconomic situation has changed and we are now in a situation wherein the impact of these past policy hikes is being felt in the economy. Besides, the impact of higher policy rates in India on actual lending rates in the system has been much higher than say in the case of the US economy.

© 2007 IUP . All Rights Reserved

EXPERT'S VIEW

Basel II : Advantages and Concerns

-- George Joseph

Implementation of the advanced approaches under Basel II will pose a huge challenge to the banks which will have to substantially upgrade their existing MIS, risk management systems and technical skills of staff.

© 2007 IUP . All Rights Reserved

MONETARY MUSINGS

Rocking of the Northern Rock : Lessons for Central Banks

-- GRK Murty

History "may not repeat itself", but the saga of US subprime loans and their after-effects on global financial markets `rhymes' it.

© 2007 IUP . All Rights Reserved

APOLITICAL

Regulating Rural Moneylenders: Would It Answer the Woes of Farmers?

-- grk

On 5th July 1883, Sir William Wedderbum while making a presentation to the East Indian Association in London observed: "The problem was how to supply him (the farmer) with capital without loan becoming the cause of his ruin." A true concern of a civil servant of yore for the good of a common man! That's indeed what even the modern public finance theory states: government should do no harm. According to Rosen and Weinberg (1997), even in today's world of privatization, government remains an important, if not dominant, player in the world's economies.

© 2007 IUP . All Rights Reserved