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COVER STORY
50 Years of European Union : Issues and Challenges
-- Katuri Nageswara Rao
European Union (EU), in its 50 years of existence, has achieved a significant degree of integration, and the common market goal
has met with modest success. EU, with 27 member nations, now encompasses a very high percentage of the continent of Europe.
Euro, its common currency, has become a strong currency to reckon with within its first decade of existence. EU needs further reforms
in labor laws. The internal markets within the Union should be without barriers.
© 2009 IUP. All Rights Reserved.
PRODUCT
Funding Through Covered Bonds
-- Ashish Srivastava and Nitu Saxena
Covered bonds have experienced exceptional growth in recent years in Europe. The well-established regulatory framework
and relatively low capital charges have created a favorable environment for both issuers and investors. The successful experience
in some European countries can provide lessons for the emerging markets with similar risk profiles and financing needs.
© 2009 IUP. All Rights Reserved.
REGULATION
Direct Tax Code : Implications for Banking Sector
-- Sunil Gidwani
The recent direct tax code favors banks with regard to tax treatment on interest on NPAs. In M&A situation also banks will
be benefited through carry forward and set off provision.
© 2009 IUP. All Rights Reserved.
SCENARIO
Global Financial Crisis : Lessons for Bank Management
-- VS Kaveri
The recent global financial crisis is found to be more severe than the Great Depression of the 1930s in terms of loss of
production, income and employment. The confidence of the public, at large, is shaken in the financial system. Hence, it calls for a study of
the origin of the crisis, the process involved in forcing the US economy to go into recession, consequences of the crisis, lessons to
be drawn by a bank's management from this unprecedented event, impact on India and strategies to prevent such a crisis in future.
© 2009 IUP. All Rights Reserved.
TECHNOLOGY
Risks in Internet Banking
-- Urmila Mallick
Over a period of time, e-banking has gained popularity and many financial services are now being delivered through this channel.
In this article, various risks associated with Internet banking and the techniques to minimize the same are discussed.
© 2009 IUP. All Rights Reserved.
TECHNOLOGY
An Overview of E-Banking in India
-- Akinchan Buddhodev Sinha and Ravi Kumar
Present day banking is primarily driven by innovative technology. Products and services, like ECS, ATMs, RTGS, etc., are
indeed consumer-friendly, however, there is a need for depth and breadth in technology transmission.
© 2009 IUP. All Rights Reserved.
STRATEGY
Restructuring Deccan Grameena Bank
-- K Aparna
The objective of the establishment of Regional Rural Banks (RRBs) is to uplift rural economy, which is an integral part of the
total development of our country. Hence, the amalgamation that has been initiated in the banking sector enables, not only the
commercial banks, but also the RRBs in reaching a higher level of performance. This article discusses the conceptual framework
of amalgamation of RRBs with focus on Deccan Grameena Bank with regard to its pre and post-amalgamation scenario.
© 2009 IUP. All Rights Reserved.
MERCHANT BANKING
Underwriting of Public Issues
by Merchant Banks in India
-- Anand Singh and CP Mall
Underwriting got a sudden push after the introduction of free pricing and the easy entry of issues in the primary market. The
Indian primary market has experienced tremendous growth in the last few years. Many old and new companies entered with high
premium issues for taking advantage of the current positive attitude of Sebi towards the issuers. But, it has made the market very volatile
and uncertain. Issuers and lead managers now have doubts about the success of their issues.
© 2009 IUP. All Rights Reserved.
RISK MANAGEMENT
An Approach for Estimating Loss
Given Default
-- Ajay Sinha
LGD is dependent on many factors, such as the degree of subordination of debt, collateral and macroeconomic conditions, etc.
LGDs are difficult to estimate, if proper structured methodology is not employed.
© 2009 IUP. All Rights Reserved.
CASE STUDY
Management of NPAs in Urban Cooperative Banks
-- Naushad M Mujawar
Lending has always been associated with credit risk, which arises out of the borrower's default in repaying the loan within
the stipulated time. In recent years, some UCBs, which are mostly engaged in retail banking, have faced mergers and strict action
by RBI for having failed to successfully manage their NPAs. The inflating bubble of NPAs may mar the balance sheets of the banks
if they fail to adopt better credit monitoring practices to prevent further slippage of NPAs. In the case study, an attempt has
been made to understand the problem of NPAs and the provisions made to tackle the problem of NPAs. It analyses the management
of NPAs at the Four Awards Winning Sanmati Sahakari Bank Limited of Ichalkaranji.
© 2009 IUP. All Rights Reserved.
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