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COVER
STORY
Freddie
and Fannie Bailout : Record of Sorts
-- D Satish
The
US Treasury placing Freddie Mac and Fannie Mae under conservatorship
may save the US government from the moral hazard but it may
eventually end up in shelling out a whopping $100 bn to protect
these troubled enterprises. This is seen as the biggest US
government bailout of a private sector entity in nearly half
a century.
© 2008 IUP . All Rights Reserved
PRODUCTS
Currency
Futures in India : Issues and Opportunities
-- Ashish Srivastava
The potential gains from the currency futures emanate
from the better risk management, improved price discovery
and lower transaction costs, as also the information which
the market gives to the policy-makers and the signals they
transmit through these markets. Currency futures with a retail
focus have the potential to help corporates and banks to hedge
their earnings against any unexpected volatility in the exchange
rate by making well-informed decisions.
© 2008 IUP . All Rights Reserved
PRODUCTS
Reverse
Mortgage : Life Line for Senior Citizens
-- P Sreelakshmi
The
concept of reverse mortgage is new to India. In the UK, it
came into existence in 1929. In the US, it was introduced
in 1980s and gained popularity tremendously. Over 350000 Americans
have already benefited from it.
© 2008 IUP . All Rights Reserved
INVESTMENT
BANKING
The
Fall of Lehman Brothers
-- C Krishna Priya and B Venkata Deepika
The
collapse of the Wall Street giant-Lehman Brothers-is a big
blow to the US as well as world economies. The behemoth, which
was in a swing with $47 bn market cap a year ago, collapsed
because of the denial of aid by the Fed Reserve. Certainly,
the tumbling highlights the industry's unwillingness and inability
to save the sick from the crisis.
© 2008 IUP . All Rights Reserved
REGULATION
Governance
of Co-operative Banks
-- T N Ramakumar
The
Task Force on Revival of Co-operative Credit Institutions,
popularly called the Vaidyanathan Committee, submitted its
report a few years ago and many of its recommendations have
been accepted partially/in toto by the government/RBI. The
purpose of this article is to take a walk down the memory
lane and also to see where the banking system stands today.
© 2008 IUP . All Rights Reserved
REGULATION
Reforms
in the Banking Sector : A Global Perspective
-- A K Sohani
This
article specifically discusses the reasons, significance,
measures and the implementation of the reforms in the banking
sector. To be part of this developmental process, which is
sweeping across the world economies, financial sector reforms
are an answer. It also discusses the contributions of international
bodies like the World Bank, Basel Committee on Banking Supervision
, etc., that have bearings on the financial sector reforms.
© 2008 IUP . All Rights Reserved
REGULATION
Should
Banks Outsource Risk Management Functions in Order to be Basel
II-Compliant?
-- S K Bagchi
Basel II demands a huge skill base of officials for undertaking
contemporary risk management requirements. Banks that implement
Basel II will have the benefit of lower capital charge. Indian
banks may consider outsourcing some of the risk management
functions for better results. It provides them with the cutting
edge to face the international competition successfully and
profitably.
© 2008 IUP . All Rights Reserved
MERGERS
AND ACQUISITIONS
Mergers
and Acquisitions in Indian Banking Industry : A Source of
Competitive Advantage
-- Awadhesh Kr Tiwari
The banking industry has transformed itself from a sluggish
business entity to a dynamic industry. In the last two decades,
the Indian banking sector has grown at an astonishing pace,
marked by several paradigm shifts. And now, mergers and acquisitions
have added a new dimension to the Indian banking industry.
They will enable banks to achieve world class status and give
more value to all the stakeholders.
© 2008 IUP . All Rights Reserved
MERGERS
AND ACQUISITIONS
Commerzbank
Acquisition of Dresdner
-- Rajib Kumar Das
The
acquisition of Dresdner Bank by Commerzbank is expected to
create complementary businesses as well as provide an opportunity
to cross-sell products. It may also trigger a long overdue
consolidation in the German banking sector.
© 2008 IUP . All Rights Reserved
STRATEGY
Towards
Sound and Strong Banking
-- Rajendra Singh
Value-based banking involves safe and sound banking practices,
better HR policies, superior corporate governance and adoption
of international best practices, besides compliance with a
good code of ethics. Bankers need to prepare a vision document
on value-based banking for future use.
© 2008 IUP . All Rights Reserved
INCLUSIVE
BANKING
Financial
Inclusion
-- Prof. Kishore C Padhy
Financial inclusion is the delivery of financial services
by the financial system at an affordable cost to the disadvantaged
and low income groups. Over 12 crore households are not touched
by banks. Inclusion, from every aspect, is beneficial to the
bank, people and state. The article discusses the international
experience and Indian initiatives regarding financial inclusion,
outlining the agenda ahead to touch the people at the bottom
of the pyramid.
© 2008 IUP . All Rights Reserved
CASE
STUDY
A
Comparative Study of Wealth Management Services of Various
Banks in Rajasthan
-- Prof. Sumeet Gupta
The
present case deals with the study of wealth management services,
its products and services provided by various banks through
which a comparison can be made
© 2008 IUP . All Rights Reserved
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