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June'06
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Sebi Hammers DPs
Are FIIs here to Stay?
Depository Services in India : Evolution and Issues
What about Retail Participation?
Investment in Art : Gaining Momentum
Wealth Management : The Indian Experience
Sebi Needs a New Avtar
Financial Innovations in the Indian Capital Market
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Sebi Hammers DPs

- - Arindam Banerjee, B Sravana Kumar

Recently, Securities and Exchange Board of India (Sebi) has taken stern actions against the Depository Participants (DPs) that were involved in the IPO scam. The article analyzes the regulators reaction to the IPO scam and suggests ways to prevent such scams.

Article Price : Rs.50

Are FIIs here to Stay?

- - -Resham Jain

As the Indian equity market is moving northwards, there is a growing concern among Foreign Institutional Investors (FIIs) about the markets ability to offer attractive valuation.

Article Price : Rs.50

Depository Services in India : Evolution and Issues

- - Roopali Batra

Depository services in India have come a long way. The article provides a thorough and comprehensive understanding of depository services in India.

Article Price : Rs.50

What about Retail Participation?

- - Akhil Agarwal

The boom in consumer spending may have ensured that the retail debt market is in a growth tizzy. The article examines the importance of an active secondary debt market to increase the options available to the retail debt investors.

Article Price : Rs.50

Investment in Art : Gaining Momentum

- - Anandan Pillai , Seema Agrawal

With wealth management becoming more a realistic service rather than a mere buzzword, investment in art is taking shape in a big way.

Article Price : Rs.50

Wealth Management : The Indian Experience

- - Surjit Mohapatra

As the global economy is growing at a speed that has never been seen before, there is an urgent need for wealth management companies. This article discusses the trend in the Indian wealth management industry and its various aspects.

Article Price : Rs.50

Sebi Needs a New Avtar

- - YG Sivaram

In the recent past, capital market regulator Sebi has actively looked into several issues. This article throws light on Sebis activities specifically with respect to Clause 49 on listing requirements.

Article Price : Rs.50

Financial Innovations in the Indian Capital Market

- - Sumeet Gupta

Derivatives are investments as well as risk mitigating instruments. Understanding these instruments are difficult and complicated. Where does the future of these instruments in India lie? This article explores this aspect.

Article Price : Rs.50

Global Executive Summaries

  • The Importance of Japan
    Full Text: www.businessstandard.co
  • AARP Funds: A Personal Planning Tool
    Full Text:www.businessweek.com
  • Brazilian IPOs: Hot, hot, hot
    Full Text: www.money.cnn.com
  • Flotations of Exotic Funds may Leave Investors with a Bitter Taste
    Full Text:www.economist.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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