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Portfolio Organizer


February'08

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IPOs in 2007 : A Quick Look
Forecasting Liquidity of BSE and NSE at an Aggregate Level
Global Stock Market Integration
An Insight into the Commodity Derivatives Market
Emerging Issues in the Indian Mutual Fund Industry
The Khanna Family's Retirement Blues : Part-II
Investors' Guide to Fundamental Analysis : An Exercise with Five Indian Industries
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IPOs in 2007 : A Quick Look


-- Arindam Banerjee and B Sravana Kumar

IPOs in 2007 started at a slow pace but later gained momentum and surpassed the capital mobilized in the previous year. This article focuses on the factors that allowed various sectors to raise money through the primary market via the IPOs in 2007.

Article Price : Rs.50

Forecasting Liquidity of BSE and NSE at an Aggregate Level


-- Santanu Kr. Ghosh and Som Sankar Sen

The article attempts to fit a model to forecast the liquidity positions of the two premier stock exchanges of India, the BSE and the NSE.

Article Price : Rs.50

Global Stock Market Integration


-- Chitteddi Krishna Reddy

The article focuses on stock market integration, benefits of integration and talks about Indian markets and operating features of major global stock markets.

Article Price : Rs.50

An Insight into the Commodity Derivatives Market


-- Sumeet Gupta

The article explains the economic functions of the commodity futures market, regulation of the commodity derivatives market and the present scheme of regulation in Indian commodity derivatives market.

Article Price : Rs.50

Emerging Issues in the Indian Mutual Fund Industry


-- Tamal Datta Chaudhuri

The mutual fund industry is mostly concentrated among high networth investments. There is a need for the industry to train its people to take the industry to rural and suburban investors.

Article Price : Rs.50

The Khanna Family's Retirement Blues : Part-II


-- M Bashyakar and Mohandas J Menon

What is the importance of the P&L A/c and balance sheet for investing one's money in various companies? How to choose the company through the performance of balance sheet? The article focuses on the above questions and discusses the importance of ratios.

Article Price : Rs.50

Investors' Guide to Fundamental Analysis : An Exercise with Five Indian Industries


-- Abhijit Dutta

This is the second part of the two-part article on the relevance of fundamental analysis in stock selection - the first part appeared in the January issue of the Portfolio Organizer. Covering five industries - automobile, pharma, IT/ITES, cement and banking , the article attempts to help the reader to analyze a company's fundamental strength based on its financical statements.

Article Price : Rs.50

Global Executive Summaries

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  • Mortgage Securities' Sales Under Scrutiny
    Full Text: www.money.cnn.com
  • Insight: Post-Credit Bubble Wealth Transfer will Beggar Belief
    Full Text: www.ft.com
  • Seven Yachts A-Sailing, Six...
    Full Text: www.online.wsj.com
 
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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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