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The Portfolio Organizer 


December '05
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Investment Climate: Strategic Issues
A Study on the Indian IPO Market
Foreign Institutional Investors
Banking Stocks Shine with Sensex
The Mechanics of Gold
Equity Market Signals of the Yield Curve
Modifying Sharpe Ratio for Evaluating Funds' Performance
Indian Financial Markets: The Regulatory Framework
THOUGHTS TO THINK OF... Samvat 2062
Derivative Alerts on Recent Expiry (DARE)
In Focus : Russia
     
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Investment Climate: Strategic Issues

- - Arindam Banerjee

A good investment climate helps in the overall growth and development of the economy. Foreign investors find it lucrative to invest their capital in countries that have a healthy investment climate. This article examines certain strategic issues that find prominence in addressing such concerns.

Article Price : Rs.50

A Study on the Indian IPO Market

- - S Doshi Rahul Agrawal

Investment in IPO needs careful thought and proper revision of the sector and company fundamentals. It does not mean that investment in IPO will yield good returns every time. This article throws light on the risk factor of IPOs and also suggests a way to play safe in the IPO market.

Article Price : Rs.50

Foreign Institutional Investors

- - C Vijaychandra Kumar

Recently, the Indian stock market witnessed ups and downs in major indices. FIIs played a major role behind this volatility. The moot question is whether the stock market is safe in the hands of FIIs. This article focuses on issues related to FII inflows into the Indian stock market.

Article Price : Rs.50

Banking Stocks Shine with Sensex

- - Surjit Mohapatra

In the recent bull run, BSE Sensex touched an all-time high. Among the sectoral indices, BSE Bankex pushed the Sensex ahead of 8000. Bank stocks led the overall rise on the Indian bourses. Strong economic fundamentals are the main cause for this bull rally of Indian banks. In this article we discuss the performance of Indian banks in the capital market.

Article Price : Rs.50

The Mechanics of Gold

- - Prashant Kulkarni

Ever since its discovery, gold has always fascinated mankind. Used as an ornament and as a currency, it continues to baffle economists, policymakers and laymen alike. This article takes a closer look at the way the gold market functions and at the inherent dynamics of this fascinating metal.

Article Price : Rs.50

Equity Market Signals of the Yield Curve

- - Ali Mohammad Anwer

Inspite of technical analysis being the favorite of many, there are certain fundamentals that have retained their dominance. One suchyield curvewhich facilitates bond pricing is explained in this article.

Article Price : Rs.50

Modifying Sharpe Ratio for Evaluating Funds' Performance

- - Divyendu Dutta

Investors want to take less risk with high returns, but it does not happen. To gain high return, one has to take high risk. How can an investor choose between an investment with high return and a relatively high risk, and an alternative investment with low return and low risk? The sharpe ratio method can help the investor find out how investment utilizes risk. This article analyzes this method in evaluating the performance of funds.

Article Price : Rs.50

Indian Financial Markets: The Regulatory Framework

- - Editor:Bobby Dutta

Better regulation ensures transparency and less chances for manipulation. This book emphasizes the need for regulators to be proactive. In recent times, the regulatory framework for the financial markets has changed drastically. The major players in the Indian financial markets, for whom the regulations have changed are banksincluding co-operative banks, non-banking finance companies, mutual funds and the insurance industry.

Article Price : Rs.50

THOUGHTS TO THINK OF... Samvat 2062

- - GRK Murty

Article Price : Rs.50

Derivative Alerts on Recent Expiry (DARE)

- - Aalap Rashmikant Shah

Article Price : Rs.50

In Focus : Russia

- - Surjit Mohapatra

This is our endeavor to brief the readers about the FDI trend in the emerging markets.

Article Price : Rs.50

Global Executive Summaries
  • Credit Derivative: Easing Risk or Making It Worse?
    [Full Text: www.knowledgewharton.com.The Ballooning Credit Derivative Market: Easing Risk or Making it Worse?".]
  • The Biggest IPO on Earth
    [Full Text: Business Week, October, 2005. Originally published as "Betting on China's Banks".]
  • Emerging Economies Are Here to Stay
    [Full Text: www.euromoney.com. Originally published as "A New paradigm or a Bubble Set to Burst?"].
  • Germany's New Venture
    [Full Text: www.deutsche-finanzagentur.de. Originally published as "Germany's Shift to Portfolio-driven Debt Management"].
  • Gazprom: The Mysterious Russian Energy Company
    [Full Text: www.economist.com. Originally published as "Russia's Energetic Enigma".]
 
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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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