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COVER STORY
Microfinance: An Answer to Poverty
-- SM Imamul Haque
Microfinance is emerging as the most viable route to extend financial services to the poor. This
article highlights the need for microfinance in India and the steps being taken to extend the same to the
rural areas. It concludes with the current status of microfinance in India and suggests measures to take
this concept forward.
© 2009 IUP. All Rights Reserved.
COVER STORY
Microfinance in India: Status and Challenges
-- Dr. K C Sharma
This article describes microfinance as provisioning of and access to financial services by poor
people particularly through the self-help group-bank linkage program spearheaded by the National Bank
for Agriculture and Rural Development (NABARD) in India. The four dimensions of
microfinance—outreach, sustainability, impact and regulation—are spelt out in the context of India.
© 2009 IUP. All Rights Reserved.
INTERNATIONAL BANKING
Nostro and Vostro Accounts
-- Sujata Sankaran and Kiran Raveendran
Liberalization, privatization and globalization have magnified the volume and intensity of trade
across the globe. Banks have collaboration arrangements in the form of inter-bank accounts with
foreign banks to meet their payment obligations abroad. This article looks at the pros and cons of the use
of international inter-bank accounts and how they can magnify the dents in these bleeding
banks, already rocked by the global financial turmoil of 2008.
© 2009 IUP. All Rights Reserved.
ECONOMY
Current Global Recession: The Indian Scenario
-- Urmila Mallick
Due to the impending global recession, effective fiscal stimulus measures are being adopted to by
all major economies. Countries must tackle the crisis in a way which does not lead to problems for
the future. Though the impact of recession on the Indian economy was not very severe, the RBI
and Government of India declared stimulus packages in an attempt to boost the economy.
© 2009 IUP. All Rights Reserved.
CRM
Developing CRM Philosophy in Banks
-- Dr. Saroj Upadhyay and
Deblina Ganguly
With increased number of banks and practically zero switching costs, customers are easily
switching banks whenever they find better services and products. Attracting new customers and retaining
the existing ones has become a major challenge for the banks.
© 2009 IUP. All Rights Reserved.
SCENARIO
Inclusive Growth Through
Banking and Financial Education
-- B K Swain
Inclusive growth needs financial education that has to be imparted to the target group. Its
components are money management, debts and savings management, financial negotiation, use of bank
services, etc. In Indian context, with high illiteracy rates, financial education acquires additional significance.
© 2009 IUP. All Rights Reserved.
SCENARIO
Bank Consolidation: The Next Frontier in Indian Banking Industry
-- Mahesh Bendigeri
Indian banking system needs consolidation to gain from scale and scope economies and also to
be globally competitive. Apart from consolidation, convergence is also essential as banks have to grow
to become financial supermarkets. There is need to accelerate the pace of consolidation. Also,
Indian banks have to embrace global best practices. Public sector banks need greater functional
autonomy and disinvestment of government stake.
© 2009 IUP. All Rights Reserved.
FINANCIAL INCLUSION
Identification of Technological Risks in
Financial Inclusion
-- Dr. Shyam Kumar Garg
Financial inclusion faces many technological risks due to factors such as legal,
infrastructural, strategic and outsourcing. To manage these risks efficiently, effective support, participation
and competence of the IT team are esential.
© 2009 IUP. All Rights Reserved.
RECOVERY MANAGEMENT
Recovery Procedures and NPA Management: A Study on Indian Banks
-- Suman Chakraborty and Jayatee Chakraborty
This article deals with understanding the concept of NPAs, its magnitude and major causes for
an account becoming non-performing. It also highlights the importance of post-sanction follow up.
© 2009 IUP. All Rights Reserved.
CASE STUDY
Impact of SHG-Bank
Linkage Program on Income Generation of Rural Poor
-- Susy Paul and Dr. GS Gireesh Kumar
The linkage between SHG and banks is resulting in the economic empowerment of the rural poor
in Kerala. It has also enhanced their income earning capacity.
© 2009 IUP. All Rights Reserved.
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