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COVER
STORY
Indian
Banking : The March Forward -- Katuri Nageswara Rao
The
Indian banking industry has shown good performance by its
inherent strength and rapidly rising economic growth indices.
However, it has to overcome many challenges in the process.
© 2007 IUP . All Rights Reserved
TECHNOLOGY
Payment
and Settlement Systems in India : Recent Developments and
Central Bank Oversight -- Dr. Ashish Srivastava
In
India, technology implementation poses innumerable issues
and options, such as the choice of optimal technology; cost
of its implementation; high rate of technological obsolescence
and need for periodical updation; advantages and risks of
outsourcing; convergence of technologies as well as need for
compatibility with the present systems so as to ensure smooth
transition.
© 2007 IUP . All Rights Reserved
PRODUCTS
Risk
in Real Estate Financing -- S K Bagchi
Real
estate exposure for banks is on the rise following bullish
realty prices and excess liquidity. This exposure involves
asset-liability management issues, legal risks, etc. Basel
II norms, in fact, stipulate a lower risk weight for this
sensitive sector. While real estate finance is profitable,
it also needs prudential management.
© 2007 IUP . All Rights Reserved
PRODUCTS
Supply
Chain Finance : An Innovation in Working Capital Financing -- Poonam Namjoshi and Aparna Hawaldar
In
the field of working capital financing, Supply Chain Finance
(SCF) is a novel win-win situation for the buyer, supplier
and the banker. SCF has given a new face to the working capital
financing. Presently, the business climate of our country
is under constant competitive pressure. All forms of businesses
are constantly endeavoring to reduce costs in order to expand
their business. The first important step in such cost cutting
is to reduce the cost of finance.
© 2007 IUP . All Rights Reserved
SCENARIO
Financial
Sector Reforms and the Less-developed States -- Dr. Jyotirmayee Kar
In
the less-developed regions, where most of the rural folk are
unaware of the basic financial services and credit facilities,
a holistic approach, comprising financial and non-financial
services, is called for. This will not only open up the vast
untapped market area for the financial institutions but also
provide the poor with a source of livelihood.
© 2007 IUP . All Rights Reserved
STRATEGY
The
Role of Six Sigma in Banking : A Conceptual Study -- G Radha Krishna
The
basic purpose of any company is to create revenues. For this,
the companies have to adopt various practices to compete.
One such practice is Six Sigma. This article explores the
concept of Six Sigma with reference to the banking sector.
The case of Bank of America implementing Six Sigma is discussed
briefly to substantiate its application effectiveness in banking.
© 2007 IUP . All Rights Reserved
STRATEGY
Pricing
by Banks of their Products and Services : Role of Reserve
Bank and Asset-liability Management Committees of Banks -- Dr. S N Ghosal
The
Reserve Bank of India has to ensure that banks price their
products and services aligining with market environment. Consumers
expect stability in service charges and the banks to absorb
market shocks.
© 2007 IUP . All Rights Reserved
EXTERNAL
SECTOR
Dollar
: American Currency and Others' Problems -- Shailesh M Kulkarni
The
article has tried to address some of the fundamental issues
in monetary imbalances and their impact on long-term growth
prospects of the Indian economy. After the Federal Reserve
decreased Fed fund rate and the discount rate, there have
been a huge Foreign Institutional Investment (FII) flows into
the financial sector and dollar has been at a record low against
all major currencies of the world.
© 2007 IUP . All Rights Reserved
SOCIAL
BANKING
Social
Empowerment of Rural Mass through Self-Help Groups -- Dr. B K Swain
Credit
can be taken as a tool for helping the poor. Many government-sponsored
programs are used in order to bring about a social change.
The objective of the programs is to create lenders' organizations
and at the same time increase their self-confidence and capacity.
© 2007 IUP . All Rights Reserved
MICROFINANCE
Microfinance
: A Window of Opportunities -- Dr. Kishore C Padhy
Microfinance
provides an opportunity for the banks to reach rural poor
in groups for extending various financial services and ensure
financial inclusion. It should not be viewed as a government
program by the banks, but as a desirable long-term strategy
for growth.
© 2007 IUP . All Rights Reserved
FINANCIAL
INCLUSION
A
Stock-taking on Financial Inclusion -- V Jagan Mohan
Financial
Inclusion calls for focused attention even in metro and urban
centers. Its success depends on effective delivery models
and out-of-the-box initiatives.
© 2007 IUP . All Rights Reserved
RISK
MANAGEMENT
Implementation
of Basel II : Real Challenge for Indian Banks -- Dr. Saroj Upadhyay
Banks
are planning to go for a transformation in their capital structure
within a short period from now. The Indian banks will adopt
Basel II norms by March 2008 and the foreign banks will implement
the same by 2009. Indian banks were puzzled when Basel I was
implemented in the 1990s. But they successfully faced the
challenges and converted the situation into an opportunity.
© 2007 IUP . All Rights Reserved
RESEARCH
SUMMARY
Bank
Consolidation and Bank Efficiency in Europe -- Rajib Kumar Das
Changes
in the banking environment, particularly the increasing integration
of the European Union (EU) financial markets, have accelerated
bank consolidation in the EU over the past decade. The focus
of the consolidation process has gradually shifted from domestic
to cross-border merger and acquisition activities. Bank consolidation
has decreased the number of banks, which has had key implications
for the banking sectors.
© 2007 IUP . All Rights Reserved
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