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September'08
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Currency Futures : Call of the Time
Currency Futures in India : An Efficient Hedging Tool
Buyback of Shares : An Indian Perspective
FDIs in India : What More Needed?
Present Status of Indian Derivatives Market : A Perspective
The Supermarket Revolutions in Indian Agriculture : Strategic Issues and Policies of Competitiveness
Smart Investments in Banking Stocks
Mr. & Mrs. Kapoor's Retirement Blues : Part-V
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Currency Futures : Call of the Time

-- D Satish

The regulators have given the nod for introduction of currency futures in India. This is a welcome move which would see a further integration of the Indian financial markets with the global markets. However, this would put a lot more pressure on the regulators in the time to come.

Article Price : Rs.50

Currency Futures in India : An Efficient Hedging Tool

-- N Ravinder Reddy

Amidst the euphoria of India's growth story and the fluctuating exchange rate between rupee and dollar, a need has been felt for an effective hedging instrument in the hands of market participants to better hedge their currency-related exposures. Currency futures truly represent such an instrument and are a very good alternative to the existing hedging mechanisms.

Article Price : Rs.50

Buyback of Shares : An Indian Perspective

-- Vidya Sekhri

Analysts maintain that share buyback improves earnings per share, return on equity, return on capital employed and intrinsic value. This article focuses on the objectives of buyback, resources to support the buyback, conditions under which companies are allowed to buyback and other legal formalities about buyback in India.

Article Price : Rs.50

FDIs in India : What More Needed?

-- Dr. SM Imamul Haque and Shahnawaz Ahmad Dar

Foreign Direct Investment (FDI) plays an important role in the long-term economic development of a country. But imposition of unwritten policy has led foreign investors to worry about their compliance status. This article dwells on FDI in India and the measures for more FDI inflows into the country.

Article Price : Rs.50

Present Status of Indian Derivatives Market : A Perspective

---- Monomita Nandy Suman Lodh

With the liberalization of economy, the Indian financial markets have become global. The importance of derivatives cannot be denied any more in such type of developing global markets. The participation of mutual funds in the derivatives is another major development in the financial markets in India.

Article Price : Rs.50

The Supermarket Revolutions in Indian Agriculture : Strategic Issues and Policies of Competitiveness

-- Gursharan Singh Kainth

The super market revolution has been underway in developing countries which until recently were not a major form of food retailing. This article features policies to help both traditional retailers and small farmers in the era of supermarket revolution.

Article Price : Rs.50

Smart Investments in Banking Stocks

-- N Sivasankaran, M Kannadhasan and Mr Suyampirakasam

The stock markets have produced negative returns over a one-year investment horizon. The investors have to look for stocks that are fundamentally strong. This article sheds light on bank stocks and the key performance indicators for valuing the same.

Article Price : Rs.50

Mr. & Mrs. Kapoor's Retirement Blues : Part-V

-- 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

Global Executive Summaries

  • Global Trade Talks Collapse
    Full Text: www.wsws.org
  • The Wages of Sin
    The Wages of Sin - The ECB has Pursued a Disciplined Monetary Policy. Its Reward May be Recession: www.economist.com
  • Soverign Wealth Funds Short in Measures
    Many sovereign Wealth Fund Managers come up short in measures of Sophistication: http://knowledge.wharton.upenn.edu
 
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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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