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Portfolio Oraganizer     


August'08
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Mutual Funds : An Investor's Option
Will Inflation Dampen Economic Growth?
ESOPs for Employees : Pain or Gain?
Commodity Transaction Tax : An Unmeasured Measure
Raising Finance : The FCCB Way
Indian IT/ITeS Industry : The Future Ahead
How to Tackle Rising Home Loan Rates : An Analysis
Mr. and Mrs. Kapoor's Retirement Blues : Part-IV
Single Global Currency : Can It Spell the Death of National Currencies?
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Mutual Funds : An Investor's Option

-- B Sravana Kumar

With the fund managers trimming their Assets Under Management (AUMs), MFs have witnessed a 5.9% drop in their assets. This article focuses on the present MF scenario in India and the investors' choices.

Article Price : Rs.50

Will Inflation Dampen Economic Growth?

-- SN Ghosal

With the IMF predicting that the Indian economic growth would dip to 7.9% this financial year, this article examines whether the inflation dampens or boosts the Indian economic growth.

Article Price : Rs.50

ESOPs for Employees : Pain or Gain?

-- N Ravinder Reddy

The levy of Fringe Benefit Tax on Employees Stock Option Plans (ESOPs) has become a thorny issue for India Inc. Though taxing ESOPs may pose a challenge in attracting and retaining talent, there are still a lot of benefits the scheme can offer to employees.

Article Price : Rs.50

Commodity Transaction Tax : An Unmeasured Measure

-- Sanjay Garg and Mandeep Bhatia

Union Finance Minister P Chidambaram in his Finance Bill for the year 2008 proposed the introduction of the Commodity Transaction Tax (CTT) in the Indian financial markets. This article takes a close look at the impact of CTT on the commodity derivatives market.

Article Price : Rs.50

Ban of Commodity Futures Trading : Gagging the Messenger

-- PS Sarath Chandra

Futures trading reflects supply-demand fundamentals and offers price signals for farmers. The ban on futures trading in agricultural commodities is unlikely to douse the flaring inflation and bring down prices.

Raising Finance : The FCCB Way

-- Vidya Sekhri

Apart from the different traditional sources of raising finances, the Indian companies raised overseas debt through the Foreign Currency Convertible Bonds (FCCBs), which offer several advantages for the Indian Inc. This article focuses on the fundamental concepts of the FCCBs, their legal framework, tax treatment, advantages and disadvantages.

Article Price : Rs.50

Indian IT/ITeS Industry : The Future Ahead

-- Jayanta Kumar Seal and Somnath Moitra

In the era of 9% plus growth of the Indian economy and the US economic slowdown looming ahead, it becomes imperative for the IT/ITeS sector to explore its strengths, weaknesses and threats and adopt new models to sustain its growth trend.

Article Price : Rs.50

How to Tackle Rising Home Loan Rates : An Analysis

-- Shekhar V Sawant

The past few days have seen several home loan companies announcing a hike in interest rates. This is mainly due to the recent hike in international crude oil prices and the inflation. This article outlines the reasons for the same with a clear-cut strategy for the prospective home loan-seekers to tackle this scenario.

Article Price : Rs.50

Mr. and Mrs. Kapoor's Retirement Blues : Part-IV

-- M Bashyakar and Mohandas J Menon

This article focuses on how inflation has its effect on an individual's regular investments and the strategies to follow to have better returns on his investments.

Article Price : Rs.50

Single Global Currency : Can It Spell the Death of National Currencies?

-- Ritu Sinha

Today, there are approximately 190 different currencies being used in the world. A global currency would bring stability to a very volatile section of the economic market. This article discusses the importance of the formation of a single currency and examines the feasibility of single global currency option.

Article Price : Rs.50

Global Executive Summaries

  • The Credit Crisis and Failed Risk Analysis: We're Nowhere Near the End
    Full Text: knowledge.wharton.upenn.edu
  • Job Losses Mount as US Economy Heads into Virtual Freefall
    Full Text: www.wsws.org
  • The Secrets of Succession
    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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