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Professional Banker


April '08
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The Future of Global Banking
Financial Inclusion : Need for No-Frills Account
Banker and the Entrepreneur
Future of Indian Cooperatives
Société Générale : Double Whammy
Indian Banks and Basel II Norms
Subprime Mortgage Crisis in the US : Lessons to be Learnt
Changing Face of Rural Banking : Banking in Unbanked Areas
Small and Medium Enterprises Need Innovative Financing Model
Microfinance : Modern Initiative to Promote Social Welfare
Central Banks - The Agents of Economic Growth : Introduction, Evolution and Roles
Third Quarter Review of Monetary Policy for 2007-08 : An Analysis
Challenges for Central Banking in Emerging Market Economies
Managing Forex Reserves : A Real Task for Asian Nations
Technology in Banks : A Case Study of HDFC Bank
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The Future of Global Banking

-- Katuri Nageswara Rao

Banking is in for exciting times globally. There are issues like the desirability of supporting small banks, management of operational risk, efficient governance of technology, etc. Banks need to draw the right lessons from the subprime fiasco and they may have to face challenges of the global imbalances. Banks will have to follow equator principles in project finance. They may have a business opportunity in `Carbon Financing'.

Article Price : Rs.50

Financial Inclusion : Need for No-Frills Account

-- Manoj Kumar Joshi

The main reasons for non-inclusion of the major segment of Indian population in the formal banking channel are their weak financial position, employment in the unorganized sector, seasonal employment and the daily wages that they earn. The initiative of the RBI to introduce the no-frills account, a savings bank account with minimum procedural formalities, will go a long way in making available the banking and insurance products to the financially-disadvantaged sections.

Article Price : Rs.50

Banker and the Entrepreneur

-- R Vijayaraghavan

There has been a special thrust on the Small and Medium Enterprise (SME) sector and retail segments for extending credit on a large scale by the banks. The article covers the steps followed by the banks in the appraisal of an entrepreneur.

Article Price : Rs.50

Future of Indian Cooperatives

-- Anand M

The cooperative societies, which have been established to free the farmers and other rural folks from the clutches of moneylenders and rid them of indebtedness, face many challenges even after a century. Fund crunch and political interference are the major impediments in their functioning. The article highlights the various problems faced by the cooperatives and also suggests some remedies to overcome the same.

Article Price : Rs.50

Société Générale : Double Whammy

-- Satish D

Société Générale, a European financial services firm, which is dealing with the aftermath of the subprime meltdown, also has to contend with the massive fraud alleged to have committed by a single rogue trader.

Article Price : Rs.50

Indian Banks and Basel II Norms

-- Dr. S Mercia Selva Malar and Ravi Shankar Vaddy

The Basel I and II recommendations of the Bank of International Settlements (BIS) have been framed with the purpose of ensuring sufficient capitalization of banks' assets and lessen the credit and operational risks faced by the banks.While the Basel I norms dealt only with credit risk, Basel II norms cover all types of risks faced by a bank such as interest rate risk, foreign exchange risk, operational risk, etc. The issues of Basel II are multiple and vary from country to country depending on the banking environment of each country.

Article Price : Rs.50

Subprime Mortgage Crisis in the US : Lessons to be Learnt

-- P Sreelakshmi

The recent US subprime crisis has lessons for other nations of the world. There are issues like central banks looking beyond monetary policy to manage a possible credit crunch. Financial institutions may face greater financial risks than expected. The central banks play a key role in tracking inflated or misleading data.

Article Price : Rs.50

Changing Face of Rural Banking : Banking in Unbanked Areas

-- Srujana Vari

Today, the rural development is an important issue. The banks are playing a key role in the same. This article emphasizes the concept of financial inclusion and some of the latest innovations in the rural banking. And it also throws light on globe-wide innovations and Self-Help Groups (SHGs) in India. It discusses the recommendations made by the C Rangarajan Committee on the financial inclusion and SHG-Bank Linkage Program.

Article Price : Rs.50

Small and Medium Enterprises Need Innovative Financing Model

-- S N Ghosal

The Small and Medium Enterprises (SMEs) sector requires substantial financial support for its growth. This sector has the potential to generate employment and boost exports. An in-depth study of SMEs will reveal that the most effective model for giving them a boost is by creating a private-public partnership between the entrepreneurs and the funding and guaranteeing agencies, so that the talented technocrats get an opportunity to have a full view of market cycle. In the process, they will also learn about the process of marketing strategy in order to withstand all types of risks.

Article Price : Rs.50

Microfinance : Modern Initiative to Promote Social Welfare

-- Vasudha Vasakarla

Apart from self-help groups and non-governmental organizations, the government should strongly intervene in promoting microfinance for social welfare. Financial and corporate houses should also treat microfinance as a social responsibility and should contribute at least a percentage of their profits for this moral cause.

Article Price : Rs.50

Central Banks - The Agents of Economic Growth : Introduction, Evolution and Roles

-- Ravi Kumar Jain and A K Sohani

The role of central banks as agents of economic growth, masters of financial systems and the custodians of nations' financial well-being has been brought to the fore in the last couple of decades, especially in the wake of globalization and subsequent spurt of global economic activities. This article focuses on the concept of central banking. It discusses the need for, importance and role of a central bank of any country.

Article Price : Rs.50

Third Quarter Review of Monetary Policy for 2007-08 : An Analysis

--Manoranjan Sharma

The overall stance of monetary policy in the period ahead will broadly continue to emphasize on price stability and well-anchored inflation expectations. It will also ensure a monetary and interest rate environment conducive to continuation of the growth momentum and orderly conditions in the financial markets.

Article Price : Rs.50

Challenges for Central Banking in Emerging Market Economies

-- Dr. Ashish Srivastava and Nitu Saxena

Central banks in EMEs face a tough task in striking a judicious balance between domestic monetary management and international contagion or so-called "re-coupling". These regulators are concerned with financial stability, supervisory efficiency and development of strong risk-management architecture.

Article Price : Rs.50

Managing Forex Reserves : A Real Task for Asian Nations

-- Krishna Priya

Forex reserves are rising in many Asian nations creating the problem of plenty. Asian nations need to think of innovative plans to save themselves from the imminent fall of the dollar value and the erosion of their reserves.

Article Price : Rs.50

Technology in Banks : A Case Study of HDFC Bank

-- V S Daddihal and P K Kulkarni

Banking in India has transformed into a strong and sound system as a result of supportive measures undertaken by the Indian Government and the Reserve Bank of India. It has become a market-driven system. Information technology and electronic fund transfer have emerged as the new pillars of modern banking. Thrust on greater use of technology and upgrading skills and knowledge of bank personnel to meet changing expectations of customers are the keys for business growth. Banks have to meet the needs of the customers using technology. Internet will be the engine of banking revolution in the decades to come and e-commerce its fuel.

Article Price : Rs.50
Global Executive Summaries
  • Financial Stability and Recent Market Developments in Ireland
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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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