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October' 06
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The Case for Single Regulator in India
Book Building : An Optimum Price Discovery Mechanism
Trends in Stock Market Volatility in Recent Years
The Slowdown of FIIs
Primary Dealers : Certain Issues
American Research & Development Corporation : The Stepping Stone of US Venture Capital Industry
The Retail Industry in India
The Comeback of Fixed Deposits
Mutual Funds Regulation
Foreign Institutional Investors : An Introduction
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The Case for Single Regulator in India

- - Arindam Banerjee

The grueling issue of moving towards a single regulatory framework has been making rounds in India for quite some time. This article seeks to take a closer look at the concerned topic in the backdrop of international experiences.

Article Price : Rs.50

Book Building : An Optimum Price Discovery Mechanism

- - Anu Sahi and Shaveta Gupta

Over the years, the process of Book Building in IPO pricing has gathered considerable attention. This article discusses the various aspects of this unique pricing mechanism.

Article Price : Rs.50

Trends in Stock Market Volatility in Recent Years

- - Ash Narayan Sah

Denoted by Sigma, volatility is the measure of standard deviation from the average. In other words, it is the fluctuation in the price of an asset in the stock market. This article discusses volatility in the Indian stock markets of late.

Article Price : Rs.50

The Slowdown of FIIs

- - Kalyan J Sandilya

This article discusses the importance of the FIIs in the Indian economy and the stock markets. It also looks at the reasons behind the slowdown of FIIs. It further goes into the macroeconomic explanations for the need of FII inflows for any economy.

Article Price : Rs.50

Primary Dealers : Certain Issues

- - YG Sivaram

Primary Dealers (PDs) occupy an important place in the Indian Capital Market. This article analyzes PDs in developing countries vis-à-vis developed countries and provides a set of suggestions for an efficient PD system in India.

Article Price : Rs.50

American Research & Development Corporation : The Stepping Stone of US Venture Capital Industry

- - Anandan Pillai

The article discusses the formation of American Research & Development Corporation (ARD), the first venture capital firm in the US, its success story, challenges faced, and how the changing government policies led to its untimely death.

Article Price : Rs.50

The Retail Industry in India

- - Akhil Agarwal

The retail industry is seeing an immune revamp exercise in India. With an array of domestic and global players to enter this segment, the sector is poised for significant growth. The article deals with the present retail scenario and key players in India.

Article Price : Rs.50

The Comeback of Fixed Deposits

- - Shubhangi Pandey

Fixed Deposits are now on a comeback trail and it has become a rational decision for the investors to invest in fixed deposits. The article explores the various aspects of fixed deposits.

Article Price : Rs.50

Mutual Funds Regulation

- - Ganapati Mendali

Mutual Funds constituted by banks and investment institutions have been working in India since 1987. They can be operated by an established Asset Management Company (AMC). They have acted as a forerunner for the overall growth and stability of the capital market. For smooth functioning, better efficiency, transparency and investor affability, the Government issues a certain set of guidelines for these entities. The Securities and Exchange Board of India (Sebi) is the statutory legal body that issues the authorization to mutual funds to do business. All mutual funds need to accept the guidelines set by Sebi and any defiance of the rules attracts penalties by Sebi.

Article Price : Rs.50

Foreign Institutional Investors : An Introduction

- - Shubhangi Pandey

The inflow of FIIs in the Indian economy has become one of the leading sources of capital flow, maintaining a healthy trend for the past couple of years. This book provides the genesis and growth of FIIs and their acceleration into the Indian Capital Market.

Article Price : Rs.50

Global Executive Summaries

  • Hedging without a Hedge Fund
    Full Text: www.businessweek.com

  • Investing in Copper
    Full Text: www.dailyreckoning.com

  • TD Mutual Funds Go Global with Ten New Funds
    Full Text: www.globeinvestor.com

  • Reuters for The Philippine Dealing Exchange
    Full Text: www.positivenewsmedia.net

  • New Wave of FII to Flow into Vietnam
    Full Text: www.news.tradingcharts.com

 
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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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