Download or read book Seventy Years of Banking System in India written by Niti Bhasin and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: India has a long and checkered history of financial intermediation, particularly in the commercial banking industry. Soon after Independence in 1947, the government of India followed a policy of social control of important financial institutions, which was followed by the takeover of the then Imperial Bank of India in 1956. In 1969, the government nationalised 14 major commercial banks and, in 1980, six more commercial banks were nationalised and brought under public ownership. Until the initiation of economic reforms in early 1990s, banking business in India was a near-monopoly by the government of India. As a result of state domination, until the early 1990s India's banking system was characterised by barriers to entry, control over pricing of financial assets, high transaction costs, and restrictions on movement of funds from one market segment to another. It was against this backdrop that wide-ranging banking sector reforms were introduced as an integral part of the economic reforms program. These reforms have paved the way for integration among various segments of the financial system. This book explains and examines, at length, the changes which have swept India's banking sector since Independence in 1947, with focus placed on the post-1991 period. [Subject: Banking &?Finance, Economic History, India Studies]
Download or read book Evolution of Banking System in India Since 1900 written by O. P. Chawla and published by Sage Publications Pvt. Limited. This book was released on 2019-07-15 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive study of the evolution, growth, and development of the Indian Banking System since 1900.
Download or read book Modern India written by John McLeod and published by Bloomsbury Publishing USA. This book was released on 2019-11-15 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This one-volume thematic encyclopedia examines life in contemporary India, with topical sections focusing on geography, history, government and politics, economy, social classes and ethnicity, religion, food, etiquette, literature and drama, and more. Modern Indian, an addition to the Understanding Modern Nations series, is an in-depth and interdisciplinary encyclopedia. While many books on life in India exist today, this volume is unique as a concise, accessible overview of multiple aspects of Indian society and history. It will be a useful background or supplemental text for anyone interested in modern Indian life and culture. Individual chapters address all aspects of life in 21st-century India, from geography and history to economy and religion to etiquette and sports. Each chapter begins with an overview, followed by entries on, for example, major political parties or literary works. Each overview and entry is self-contained and accompanied by an up-to-date Further Reading list.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book Bad Money written by Vivek Kaul and published by Harper Collins. This book was released on 2020-06-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, Indian banks in general and the government-owned public sector ones in particular have gradually got themselves into a big mess. Their bad loans, or loans which haven't been repaid for ninety days or more, crossed Rs 10 lakh crore as of 31 March 2018. To put it in perspective, this figure is approximately seven times the value of farm loan waivers given by all state governments in India put together. And this became the bad money of the Indian financial system. Why were the corporates unable to return these loans? Was it because they had no intention of doing so?Who were the biggest defaulters of them all? Are Vijay Mallya and Nirav Modi just the tip of the iceberg?How much money has the government spent trying to rescue these banks?How are the private sector banks gradually taking over Indian banking?Is your money in public sector banks safe?How are you paying for this in different ways?And what are the solutions to deal with this? In Bad Money, Vivek Kaul answers these and many more questions, peeling layer after layer of the NPA (non-performing assets) problem. He goes back to the history of Indian banking, providing a long, deep and hard look at the overall Indian economy. The result is a gripping financial thriller that is a must for understanding a crisis that threatens our banking system and economy.
Download or read book Indian Financial Sector written by Rakesh Mohan and published by International Monetary Fund. This book was released on 2017-01-20 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a consequence of successive reforms over the past 25 years, there has been significant progress in making interest and exchange rates largely market determined, though the exchange rate regime remains one of managed float, and some interest rates remain administered. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks continue have a dominant share in the market. Contractual savings systems have been improved, but pension funds in India are still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance can expand much further, which would also provide greater depth to the financial markets. The extent of development along all the segments of the financial market has not been uniform. While the equity market is quite developed, activities in the private debt market are predominantly confined to private placement form and continue to be limited to the bluechip companies. Going forward, the future areas for development in the Indian financial sector would include further reduction of public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion of the insurance and pension systems, greater spread of mutual funds, and development of institutional investors. It is only then that both the equity and debt markets will display greater breadth as well as depth, along with greater domestic liquidity. At the same time, while reforming the financial sector, the Indian authorities had to constantly keep the issues of equity and efficiency in mind.
Download or read book The Statesman s Year Book 1969 70 written by S. Steinberg and published by Springer. This book was released on 2016-12-28 with total page 1575 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic reference work that provides annually updated information on the countries of the world.
Download or read book Brazil India Relations Beyond the 70 Years written by Karin Costa Vazquez and published by Fundação Alexandre de Gusmão - FUNAG. This book was released on 2019-01-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Em 2018, celebraram-se os 70 anos das relações diplomáticas entre Brasil e Índia. Buscando difundir o debate sobre os interesses e complementaridades entre os dois países, a FUNAG lança o livro Brazil-India relations: beyond the 70 years [Relações Brasil-Índia: além dos 70 anos], que em breve ganhará sua versão em português. A obra, organizada pela pesquisadora Karin Costa Vazquez, reúne artigos de brasileiros e indianos que, a partir de suas áreas de conhecimento e atuação, buscaram identificar novas oportunidades para a cooperação bilateral. Vamos descobrir o que Brasil e Índia podem acrescentar um ao outro em setores como defesa, ciência, tecnologia e inovação, desenvolvimento sustentável e energia renovável?
Download or read book Learning from the Japanese written by E. Wayne Nafziger and published by M.E. Sharpe. This book was released on 1995 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at Japan's early economic modernization to see if today's low-income countries can learn any lessons. The author focuses on education, technology policy, capital formation, the transfer of savings from agriculture to industry, state aid to the private sector, improvement engineering in the informal sector, low wages, industrial dualism, export expansion, and resistance to Western imperialism (a strategy which included acquiring its own empire) under Japan's "guided capitalism."
Download or read book Quest for Restoring Financial Stability in India written by Viral V. Acharya and published by Penguin Random House India Private Limited. This book was released on 2023-08-28 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excellent primer for students wanting to learn macroeconomics and policymaking - Kaushik Basu An important and timely contribution to our understanding of the Indian economy - Raghuram Rajan How to maintain financial stability in India? Quest for Restoring Financial Stability in India is a classic work to understand this critical subject. In this Penguin edition, with a new introduction, Viral V. Acharya, former Deputy Governor of RBI offers a concrete road map for comprehensive improvement of India's economy. Authoritative and definitive, this is a must read for the students and scholars of Indian economy, policymakers and anyone interested in India's finance sector.
Download or read book Awakening Compassion at Work written by Monica Worline and published by Berrett-Koehler Publishers. This book was released on 2017-02-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting an outline of the four necessary steps for meeting suffering with compassion, this insightful book shows how to build a capacity for compassion into the structures and practices of an organization. --
Download or read book A Nation of Deadbeats written by Scott Reynolds Nelson and published by Vintage. This book was released on 2012-09-04 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of America is a story of dreamers and defaulters. It is also a story of dramatic financial panics that defined the nation, created its political parties, and forced tens of thousands to escape their creditors to new towns in Texas, Florida, and California. As far back as 1792, these panics boiled down to one simple question: Would Americans pay their debts—or were we just a nation of deadbeats? From the merchant William Duer’s attempts to speculate on post–Revolutionary War debt, to an ill-conceived 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the Panic of 1857, Scott Reynolds Nelson offers a crash course in America’s worst financial disasters—and a concise explanation of the first principles that caused them all. Nelson shows how consumer debt, both at the highest levels of finance and in the everyday lives of citizens, has time and again left us unable to make good. The problem always starts with the chain of banks, brokers, moneylenders, and insurance companies that separate borrowers and lenders. At a certain point lenders cannot tell good loans from bad—and when chits are called in, lenders frantically try to unload the debts, hide from their own creditors, go into bankruptcy, and lobby state and federal institutions for relief. With a historian’s keen observations and a storyteller’s nose for character and incident, Nelson captures the entire sweep of America’s financial history in all its utter irrationality: national banks funded by smugglers; fistfights in Congress over the gold standard; and presidential campaigns forged in stinging controversies on the subject of private debt. A Nation of Deadbeats is a fresh, irreverent look at Americans’ addiction to debt and how it has made us what we are today.
Download or read book Johnson s Universal Cyclop dia written by and published by . This book was released on 1894 with total page 989 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Academic Foundation S Bulletin On Money Banking And Finance Volume 70 Analysis Reports Policy Documents written by Editor : Sona Kapila and published by Academic Foundation. This book was released on 2005 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Johnson s Universal Cyclopedia written by Charles Kendall Adams and published by . This book was released on 1896 with total page 1008 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Barons of Banking written by Bakhtiar Dadabhoy and published by Random House India. This book was released on 2013-09-18 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Barons of Banking highlights the contributions of six distinguished personalities from the world of banking—Sir Sorabji Pochkhanawala, Sir Purshotamdas Thakurdas, Sir Chintaman D. Deshmukh, A.D. Shroff, H.T. Parekh, and R.K. Talwar—who not only played a pioneering role in the growth of the institutions which they founded, or were actively associated with, but left an indelible mark on the banking industry as a whole. Through the narration of the history of five key institutions - the Central Bank of India; the Reserve Bank of India; the State Bank of India; the Industrial Credit and Investment Corporation of India Ltd; and the Housing Development and Finance Corporation Ltd—the author gives us a keen insight into the contributions of these luminaries to banking in India. Also included is a narration of the recommendations of important committees and commissions which influenced the course of Indian banking. Divided into four parts, the book uses hitherto unused archival material recently put in the public domain by the RBI. Of particular interest is a discussion of the acrimonious relationship between Sir James Grigg, the Finance Member of the Viceroy’s Executive Council and Sir Osborne Smith, the first Governor of the RBI, which throws fresh light on a spat which remains unprecedented not only in the bank’s history, but possibly in all of banking history. Meticulously researched and engagingly written, this book will be of interest to both the academic and general reader and, of course, to the professional banker interested in a selective peep into the history of his profession.
Download or read book Unshackling India written by Ajay Chhibber and published by HarperCollins. This book was released on 2021-11-29 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.
