Download or read book Banking Reforms and Globalisation written by Mohan Prasad Shrivastava and published by APH Publishing. This book was released on 2007 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles with reference to India.
Download or read book Indian Banking And Globalization written by Rajesh Pal and published by . This book was released on 2009-01-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indian Banking in the Globalised World written by R. K. Uppal and published by . This book was released on 2008 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK Banking sector reforms in India are aimed at induction of best international practices and technological changes for competing globally. The Reserve Bank of India (RBI) has time and again emphasised transparency, diversification of ownership and strong corporate governance to mitigate the prospects of systemic risks in the banking sector. Banking sector reforms have supported the transition of the Indian economy to a higher growth path, while significantly improving the stability of the financial system. In comparison with the pre-reform period, the Indian banking system today is more stable and efficient. However, the gains of the past decade need to be consolidated, so that these could be translated to drive the institutions, markets and practices into a mature financial system that can meet the challenges of globalisation. The banking system would, therefore, not only need to be stable, but also supportive of still higher levels of planned investments by channelling financial resources more efficiently from surplus to deficit sectors. Competitive pressures as well as prudential regulatory requirements have made banks risk-averse as reflected in their tendency to investment in relatively risk-free gilt instruments. The behaviour and strategies of banking business need changes in favour of risk-taking even while performing core activities. Also, there is a need to ensure long-term finance to support development and growth in the economy, even as restructuring takes place through mergers and universal banking. The present book addresses issues like Basel ? II Accord guidelines, second generation banking sector reforms, cost-benefit and productivity analysis of Indian banks, danger zone banks, privatisation and comparative efficiency of Indian banks and the recent reform measures. Vital statistics regarding the Indian banking sector and the recent Annual Policy Statement, 2008-09 of the RBI has also been discussed. About the author Dr. R.K. Uppal did his M.A. in economics from Punjabi University, Patiala in 1986. Thereafter, he obtained M.Phil. degree from MDU, Rohtak in 1987 and Ph.D. degree from Punjabi University, Patiala in 2003. Specialising in banking and finance, Dr. Uppal has 11 books to his credit and has published 40 research papers on the subject in reputed national and international journals. He has also presented more than 35 research papers in national and international conferences in Hawaii, Indonesia, Finland, Costa Rica, Australia, London and the UK. Presently, he is head of the Department of Economics, DAV College, Malout, Punjab and Principal Investigator of a UGC-financed research project on Indian banking. He is also Director of an ICSSR sponsored major research project on Indian banking.
Download or read book India and the Global Financial Crisis written by Y. Venugopal Reddy and published by Anthem Press. This book was released on 2010 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'India and the Global Financial Crisis' offers a collection of key speeches delivered by Reddy during his tenure as Governor of the Reserve Bank of India, and provides insights into the challenges facing the management of India's calibrated integration within the global economy.
Download or read book India s Financial Globalisation written by Ila Patnaik and published by International Monetary Fund. This book was released on 2011-01-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasising equity flows by certain kinds of foreign investors. This opening has had myriad interesting implications in terms of both microeconomics and macroeconomics. A dynamic process of change in the economy and in economic policy then came about, with a co-evolution between the system of capital controls, macroeconomic policy, and the internationalisation of firms including the emergence of Indian multinationals.Through this process, de facto openness has risen sharply. De facto openness has implied a loss of monetary policy autonomy when exchange rate pegging was attempted. The exchange rate regime has evolved towards greater flexibility.
Download or read book Innovation and Profitability written by Dione Joelle and published by . This book was released on 2023-11-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Role of Banks in Economic Development The economic development of a country relies heavily on the pivotal role played by banks. Banks not only contribute significantly to economic growth but also play a crucial role in ensuring the financial stability of a nation. In emerging economies, banks hold special significance for three primary reasons. First, they actively foster the development of financial intermediaries and markets. Second, due to the absence of well-developed equity and bond markets, the corporate sector heavily relies on banks to fulfill its financing requirements. Third, in emerging markets like India, banks address the needs of a vast number of savers from the household sectors who prioritize stable income, liquidity, and the safety of their money, primarily due to their limited capacity to manage financial risks effectively. Evolution of Banking in a Changing Landscape Over the years, the forms of banking have undergone transformation in response to the evolving needs of the economy. Deregulation, technological advancements, and globalization have brought about a significant transformation in the banking and financial system. Banks have expanded their operations into areas that were traditionally beyond their scope, while non-banking intermediaries have started to assume many of the functions traditionally performed by banks. Consequently, banks find themselves competing not only amongst themselves but also with non-banking entities. This competition has intensified over time, compelling banking institutions worldwide to introduce innovative products, identify new sources of income, and diversify into non-traditional functions. Developed countries' financial institutions have effectively harnessed Information and Communication Technology (ICT) as a marketing tool in this regard. Challenges and Transformation in the Indian Banking Sector The Indian banking sector, which operated in a bureaucratic fashion before 1991, underwent a massive transformation following the opening up of the economy. The sector has faced unprecedented challenges with the advent of Liberalization, Privatization, and Globalization (LPG) in the Indian economy. Today, banks in India confront intense pressure in the volatile marketplace, driven by steep competition, globalization, escalating customer demands, and heightened exposure to credit risks. This pressure compels banks to explore innovative ways to enhance their profitability and sustainability.
Download or read book Liberalisation and Globalisation of Indian Economy written by Ed. K.R. Gupta and published by Atlantic Publishers & Dist. This book was released on 2008-03 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.
Download or read book Banking Sector Globalization in India written by Basabi Bhattacharya and published by LAP Lambert Academic Publishing. This book was released on 2014-11-17 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book critically deals with how liberalization and global integration have increased banking fragility in India. Since early nineties, banking and currency crises have rocked the world. These crises involved huge resolution costs and it became priority of governments and policy makers to avert them by adopting pre-emptive measures. One chapter in the book identifies banking crisis episodes in India and designs an early warning system for crisis prediction. Another chapter makes a macro-prudential analysis of the default risk of Indian banks and assesses how external and domestic factors impact bank asset quality. Stress tests examine resilience of banks in the event of the most extreme but plausible macroeconomic shocks. A broad chapter also relates to bank stock volatility in contemporary global financial market and determines risk sensitivity of bank stocks. Based on analytical findings in the book, several policy implications and measures on how to cope with banking fragility have been discussed. The book is an essential read for students, researchers and public policy professionals who are interested in globalization and bank vulnerability in emerging economies.
Download or read book India Goes Global written by MissCatriona Purfield and published by International Monetary Fund. This book was released on 2006-08-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few years, India has emerged as a global economic power. It is one of the world’s fastest-growing economies, the leading outsourcing destination, and a favorite of international investors. But even with India’s impressive recent achievements, the country continues to face considerable challenges as it seeks to sustain rapid growth and extend the benefits to all its citizens. Is India entering into a "Golden Age" or experiencing a period of rapid but ultimately unsustainable growth? The studies in this book examine in detail what lies behind India’s recent economic rise and considers the steps needed to build on this success over the medium term.
Download or read book Indian Economy and Neoliberal Globalization written by P L Beena and published by Taylor & Francis. This book was released on 2022-12-20 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the effects of globalization and neoliberal economic regimes in low- and middle-income countries, primarily on industries, investment and trade; finance and credit; and employment, gender and development. The volume – written to honour the rich academic work of the eminent economist Professor C. P. Chandrasekhar – addresses issues which are relevant to emerging economies and their concerns around development, investment, financial planning and adopting new technologies. It analyses the new financial systems and institutions and the dominance of global finance in policymaking in these countries and their effects in the postpandemic period. It examines the changing contours of finance, trade and labour models and laws in developing countries to assess the risks and concerns of economic crises and challenges. The volume does justice to an assessment of the macroeconomic and developmental implications of neoliberal policies in India while offering an insightful overview of the new economic practices and policies. It also offers suggestions and measures to address concerns regarding banking and global liquidity, reinforce robust strategies for growth in both small and large industries and bring in reform. This book will be of interest to scholars and students of economics, political economy, finance and trade, development studies and South Asian studies.
Download or read book Challenges to Indian Banking written by Narendra Jadhav and published by . This book was released on 1996 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises 36 papers, 24 abstracts and 5 discussions. It is an excellent reference volume for students and teachers of economics and commerce and also for bankers, economists and policy-makers.
Download or read book Globalization and the Indian Economy written by Satyendra S. Nayak and published by Routledge. This book was released on 2007-12-05 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of globalization on the Indian economy, exploring the trade, investment and financial aspects of globalization, and also considering its implications for the balance of payments and currency exchange rate. The first part of the book deals with the evolution of the philosophy of globalization and its impact on exchange rates, global liquidity, currency markets, and global trade and payments. It highlights the catalytic role played by the US in driving the globalization process, and provides detailed analysis of the evolution of the international monetary system to illustrate current processes of globalization. Furthermore, a critical discussion of the Asian financial crisis of 1997 is presented as well as the lessons that have emerged from the crisis. The Indian economic experience and its own policy of dealing with globalization is the focus of second part of the book. The author examines the genesis of economic reforms and liberalization in India. The success of the Indian policy of gradualism is discussed in the context of the Asian crisis, and the reasons as to why India averted a similar crisis are explored. Finally, the author examines whether the Indian currency, the rupee, can be made fully convertible. This book makes a valuable contribution to the literature on globalization and development and should be of interest to academics interested in the global economy, international finance, international development and also to academics with an interest in South Asian Studies.
Download or read book Dynamics of Commercial Banking in India in the Wake of Globalization written by Kalpana Kumari Pal and published by . This book was released on 2018 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Emerging Market Economies and Financial Globalization written by Leonardo E. Stanley and published by Anthem Press. This book was released on 2018-03-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.
Download or read book Global Financial Crisis and the Indian Economy written by S. Asokkumar and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global financial situation continues to be uncertain and unsettled. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, a global financial crisis, and now a global economic crisis. It has engulfed international money, credit, equity, and foreign exchange markets. India has remained relatively immune from the fallout of the crisis due to several reasons, including the prudential, supervisory, and regulatory framework of the Reserve Bank of India. More importantly, the Indian banking system has shown remarkable market discipline, docility, and sincerity of purpose. It is heartening to note that in India, complex structures like synthetic securitisations have not been permitted, so far. This collection contains 18 articles covering various dimensions of the ongoing financial turmoil and its impact on India's economy.
Download or read book India and the World Bank written by Jason A. Kirk and published by Anthem Press. This book was released on 2011-10-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence. The Bank, struggling to remain relevant amid India’s recent rapid growth and expanding access to private capital, has been caught up in a complex federal politics of reform and development. India’s central government - far from being in retreat - has been the main driver of dramatic changes in the Bank’s assistance strategy, leading toward a focus at the sub-national state level.
Download or read book Globalisation and Indian Economy written by Bharat Jhunjhunwala and published by Gyan Publishing House. This book was released on 2007 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the changing contours of India s position in the global economy. The first section deals with India s defensive posture in the nineties vis-à-vis the Multinational Companies. The resistance to speedy opening up of the economy has enabled Indian businesses to become globally competitive. The second section deals with the challenges before Indian in the begging of the 21st millennium as she is increasingly recognized as a world power. The earlier defensive posture has to be change into an offensive posture now with India aiming to break the economies of the rich countries. This can be done, for example, withdrawing forex reserves from US T-Bills. The third section deals with the challenges before India in establishing a just world order. The question in how to break the inherent injustice in the world economy where 20 percent of the people of rich countries are consuming 80 percent of the resources. India should not tie its wagon to the engine of rich countries and try to gain form injustice of the present world order. Instead, India must take the lead in confronting the injustice perpetrated by the rich countries, organize the developing countries and establish a world economy based on justice.
