Download or read book The Process of Financial Liberalization in India written by Kunal Sen and published by . This book was released on 1997 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the process of financial liberalization in India in the post-1991 period. The authors detail the key changes in each segment and market, and hypothesize possible paths that different constituents of the financial sector may take in the future.

Download or read book Banking Sector Liberalization in India written by Christian Roland and published by Springer Science & Business Media. This book was released on 2007-10-25 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fascinating and timely work explores in detail the changes in the Indian banking sector over the last 20 years, and puts them into a comparative perspective with the Chinese banking sector. For this purpose, the author develops a detailed indicator-based framework for assessing the liberalization of a banking sector along various process steps based on financial liberalization and transformation studies. The key finding is that while liberalization has improved the sectoral performance, it has so far had no effect on the macro level.

Download or read book Structural Reforms in Industry Banking and Finance written by C. Rangarajan and published by Institute of Southeast Asian Studies. This book was released on 2000 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.

Download or read book The Performance of Indian Banks During Financial Liberalization written by Ms.Petya Koeva Brooks and published by International Monetary Fund. This book was released on 2003-07-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new empirical evidence on the impact of financial liberalization on the performance of Indian commercial banks. The analysis focuses on examining the behavior and determinants of bank intermediation costs and profitability during the liberalization period. The empirical results suggest that ownership type has a significant effect on some performance indicators and that the observed increase in competition during financial liberalization has been associated with lower intermediation costs and profitability of the Indian banks.

Download or read book Bank Ownership and the Effects of Financial Liberalization written by Mrs.Poonam Gupta and published by International Monetary Fund. This book was released on 2011-03-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial sector to inform this debate. Using bank-level data from 1991-2007, we ask whether public and private banks deployed resources freed up by reduced state preemption to increase credit to the private sector. We find that even after liberalization, public banks allocated a larger share of their assets to government securities than did private banks. Crucially, we also find that public banks were more responsive in allocating relatively more resources to finance the fiscal deficit even during periods when state pre-emption (measured in terms of the requirement to hold government securities as a share of assets) formally declined. These findings suggest that in developing countries, where alternative channels of financing may be limited, government ownership of banks, combined with high fiscal deficits, may limit the gains from financial liberalization.

Download or read book Liberalisation and Globalisation of Indian Economy written by Kulwant Rai Gupta and published by Atlantic Publishers & Dist. This book was released on 1995 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Six Years Have Passed Since The Fast Process Of Liberalisation And Globalisation Was Started In India In July 1991. The Book Examines The Achievements And Failures Of The Process Of Economic Reforms During This Period. It Makes Useful Suggestions To Make The Economic Reforms More Successful And Human. The Role Which The State Has To Play In Accelerating The Process Of Economic Development And In Lessening Social Tensions Involved In Rapid Economic Reforms Has Been Clearly Laid Down In Detail.The Book Studies The Experience Of Economic Reforms In Other Countries And The Lessons Which India Can Draw From That. It Also Examines The Role Which Multinationals Can Play In The Economic Development Of The Country.The Book Analyses The Impact Of Economic Reforms On The Agricultural Economy And The Cottage And Small Scale Sector. It Emphasises The Need For Greater Attention To These Sectors On Which Depends The Well Being Of An Overwhelming Portion Of The Population.A Host Of Issues Concerning The Process Of Liberalisation And Globalisation Have Been Examined By Fortyseven Economists Spread Over The Entire Country.The First Volume Was Published In 1995 And The Response Of Readers Was So Heavy That It Had To Be Reprinted Again. The Encouraging Response To The First Volume Has Led To The Publication Of The Second Volume.

Download or read book Lectures on Economic and Financial Sector Reforms in India written by Y. Venugopal Reddy and published by Oxford University Press, USA. This book was released on 2002 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Essays In This Volume Are Based On Lectures Delivered By Reddy. They Discuss The Complex But Under-Documented Structural Micro-Aspects Of Economic Reforms In India, Examining The Process From Conceptualization Of Policy To Its Development, Refinement And Implementation.

Download or read book Economic Liberalization in India written by Deepak Nayyar and published by . This book was released on 1996 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The object of this essay is to provide an analysis and an assessment of economic liberalization in India. It begins with a discussion of the crisis in the economy which surfaced in 1991. It examines the logic and the assumptions of the strategy adopted by the government in response, and sets out a critique based on economic theory and experience elsewhere. It assesses the impact of stabilization on inflation, balance of payments, output, employment and poverty.

Download or read book The Gains and Pains of Financial Integration and Trade Liberalization written by Rajib Bhattacharyya and published by Emerald Group Publishing. This book was released on 2019-11-26 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

Download or read book Economic Liberalisation in India written by and published by APH Publishing. This book was released on 1995 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.

Download or read book A Hundred Small Steps written by India. Committee on Financial Sector Reforms and published by SAGE Publications. This book was released on 2009-01-06 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: While previous reports have focused solely on the ‘big’ issues like capital account convertibility, bank privatization, and priority sector norms, A Hundred Small Steps: Report of the Committee on Financial Sector Reforms goes deep into other areas where reforms are less controversial, but perhaps as important. The report argues that we need a change in mindset for the financial sector, one that recognizes that efficiency, innovation, and value for money are as important for the poor as they are for our new Indian multinationals, and these will come from improved governance, new entry and competition. Indeed the Committee believes that the road to making Mumbai an international financial centre runs through every village in India. The report is divided into separate self-contained chapters; the underlying theme behind all the proposals is the need to enhance inclusion, growth, and stability by allowing players more freedom, even while strengthening the financial and regulatory infrastructure. The role of the government is to create an enabling environment by building sound financial infrastructure. The Committee has focused primarily on broad principles and directions, without entering too much into details of implementation. It emphasizes three important reasons for financial sector reform: to include more Indians in the growth process; to foster growth itself; and to improve financial stability, flexibility, and resilience and thus protect the economy against the kind of turbulence that is affecting the world today. The Committee recognizes this is a difficult time to propose financial sector reforms in India. The near meltdown of the US financial sector seems to be proof that markets and competition do not work. This is clearly the wrong lesson to take from the debacle. The right lesson is that markets and institutions do succumb occasionally to excesses, which is why regulators have to be vigilant. The report argues for skilled regulators who encourage growth and innovation even while working harder to contain risks.

Download or read book Financial Sector of India written by R. K. Uppal and published by . This book was released on 2008 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK 17 years of financial reforms in India have created a fairly sound framework for higher growth and integration with the world economy. Though the task is by no means complete, the groundwork that has been laid will allow us to move rapidly towards the financial architecture that is appropriate for a country of India?s size and aspirations. Financial markets and institutions need to evolve considerably in order to keep up with the requirements of Indian firms and Indian investors in coming years. The corporate bond market is moribund and will have to be revived and a number of missing markets will have to be created, including exchange traded interest rate and foreign exchange derivatives contracts. But even in markets that exist, apart from the equity market for large capitalization stock, the ability to trade consistently at low cost and the tendency of market prices to reflect fundamentals are typically low for most markets. The country has moved on to a higher growth trajectory. To sustain and accelerate the growth momentum, further reforms in the financial sector are called for including a robust infrastructure for credit and an effective regulatory framework This book contains 14 papers, authored by scholars in the field, which deal with various dimensions of emerging financial scenario in India. The book is topical and useful for a cross-section of readership. 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 Twenty Years of India s Liberalization written by Rashmi Banga and published by . This book was released on 2012 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: At head of title: United Nations Conference on Trade and Development.

Download or read book Revisiting the Indian Financial Sector written by Paramita Mukherjee and published by Springer Nature. This book was released on 2022-01-24 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides perspectives on the latest developments and pertinent issues in the Indian financial sector in current times. The reforms initiated in the nineties in the financial sector have transformed the way financial markets and institutions function today. However, certain sectors like banking, and markets like the capital market have undergone sea changes. The research contributions in this book focus on the issues pertaining to such sectors like banking, NBFCs and the stock market. The opening up of financial markets and emergence of institutional investors have been a significant phenomenon in the Indian context. At this backdrop of increasing financial integration, the impact of financial liberalisation on the overall development of the sector, and how the global policies and events influence the Indian financial sector, are analysed in the book. The emergence of new regulations in the capital markets to instill more discipline and transparency, have also changed the way corporates take financing decisions. For example, regulatory authorities are continuously reviewing norms pertaining to issues like promoters’ shareholding owing to risks arising from excessive leverage and the linkages between financial intermediaries. Corporate governance, environmental aspects are some important additions in corporate financing norms in the recent past. The book incorporates a discussion on this, too. Apart from these, the book also has incorporated several aspects on an emerging concept called financial inclusion, its measurement and constraints to achieve the same. And finally, at the backdrop of the disruption created by the COVID-19 pandemic, the impact on the Indian capital market is also discussed. Contributions are based on rigorous empirical research and incorporate the perspectives of renowned academicians in the field of finance and financial economics across the country. Apart from the research community, this book will also be helpful for financial analysts working in the financial sector to have some idea about the current issues, the direction of research on those issues and different perspectives on them.

Download or read book Financial Liberalization and the New Dynamics of Growth in India written by C. P. Chandrasekhar and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Indian Financial System written by V.K. Bhalla and published by . This book was released on 1998-01-01 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian Financial System Is One Of The Largest In The World With A Broad Variety Of Banking, Financial And Capital Market Institutions And Instruments.What Kind Of Structural Changes In The Indian Financial System Are Required To Cope With An Increasing Complex And Faster Moving International Economic And Financial Environment? Some Of The Important Issues In The Context Of Financial Sector Are: (1) Is There Any Need Of Heavy Reforms In Financial Sector Alongwith The Adjustment Process?; (2) Is It Necessary That The Reforms Should Be Supplemented By Significant Inflow Of Foreign Direct Investments?; (3) Is The Internal Adjustment Progress (For The Promotion Of Exports) More Important Than The Package Of Dfl, Imported Technology And Enhanced Productivity?; (4) Is There Any Relationship Between Inefficiency And Adjustment Process?; And, Finally, (5) Is Technical Process Pre-Requisite For The Success Of Adjustment Process? Adequate Attention To These May Effectively Take Care Of The Distortions On The Financial Side And The Process Of Reforms May Be Smooth, Politically And Administratively Sustainable And Bring The Desired, Effective And Quick Results By Making The Indian Financial System Vibrant And Competitive, A Necessary Concomitant Of Trade And Industrial Policy Liberalization.Indian Financial System Analyses The Initiatives Aimed At Developing A Healthy, Efficient And Market-Oriented System By Deregulating Interest Rates, Development Of Market Instruments For Pricing Public Debt And Bank Loans, Upgrading Of India S Regulatory And Accounting Standards To International Norms, Adjustments In Monetary And Financial Policies, And Exchange Rate Management For An Increasingly Liberalised And Open Economic And Financial Environment.