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COVER STORY
Globalization and Inclusive Growth
-- Katuri Nageswara Rao
Globalization is a double-edged sword that can cause a lot of harm to poor people; it also has a
tremendous potential to create wealth and distribute it better, resulting in poverty alleviation. The question is how
to navigate the forces of globalization with a mission of poverty elimination, universally. Skill
development among the poor is the key for inclusive growth.
@ 2009 IUP . All Rights Reserved.
PRODUCTS
Hybrid Financial Instruments : Cure Worse than the Disease!
-- Dr. Y G Sivaram
The international financial market has been using `credit derivatives' as `innovative' and `hybrid'
instruments without defining their nature and scope in an adequate manner so as to make them user-friendly. As a result,
the international financial system suffered as `guinea pigs' in an operation performed by quacks.
@ 2009 IUP . All Rights Reserved.
SCENARIO
How Safe Are the Deposits in Indian Banks?
-- B Sadananda Rao
Of late, the crumbling world economic environs are pushing the small and average depositor into the grip
of insecurity. The fall of the stock markets, collapse of the banks in the private sector and the
consequential mergers and acquisitions are questioning the very credentials of the currency as a means of `medium
of exchange' and `store of value'. This article attempts to look into the safety-net extended to the depositors by
the respective governments with reference to India.
© 2009 IUP. All Rights Reserved.
UNIVERSAL BANKING
Universal Banking in India
-- Sanjay Kumar Joshi
A number of Indian banks and financial institutions both in public and private sectors are now offering
multitude of services hitherto unknown in the Indian environment, under a single roof since the financial sector
reforms were undertaken by adopting the concept of universal banking. These have, in course of time, grown in size
and performance under the guarded regulatory framework in tune with international financial markets
and practices.
© 2009 IUP. All Rights Reserved.
FARM CREDIT
Myths and Realities of Agricultural Credit in India
-- Dr. Varsha Varde
The Central Government made various announcements to boost the farm sector. Doubling of farm credit
in three years was one of them. Against this background, it would be important to understand various facets
of agricultural credit in the recent past, understand the realities, and explore the myths.
© 2009 IUP. All Rights Reserved.
SOCIAL BANKING
Nabard-SHG Parternership : Evolving Indian Poor's Lifestyle
-- Dr. Twinkle Prusty and Ashish Kant Chaudhari
"Reaching 100 million of India's rural poor with savings and credit by 2008" is the goal of Nabard with
the help of its Self-Help Groups (SHGs) banking program. Through non-government organizations,
government agencies and banks, a large number of SHGs has been established recently. The SHGs mobilize their
own savings, transform them into loans, and distribute them to members and plow their earning from
interest income back into equity. This article deals with the activities of the NABARD in helping the rural poor in
its unique way.
© 2009 IUP. All Rights Reserved.
MICROFINANCE
Global Meltdown and Micro Financing : A Strategy to Restore Confidence and Vibrancy in
the Financial Market
-- S N Ghosal
The global meltdown has created chaos in the financial markets across the globe, particularly in
developed countries. It has mainly originated from the opacity of financial instruments floated in the market due
to overplay of technology and expertise. Attempts have been made globally to bail out the affected
financial institutions through support from the treasury but this appears to be inadequate as it will not help in
restoring confidence of investors and also of financial markets.
© 2009 IUP. All Rights Reserved.
GLOBAL FINANCIAL TURMOIL
The Fall of Mighty Kings and Its Impact
-- Prof. Seemita Mitra and Prof. Akinchan B Sinha
The financial contagion which originated from the US and spread like an epidemic has resulted in
the deterioation of financial health of numerous economies, thereby shaking the confidence of the stakeholders
of the economy.
© 2009 IUP. All Rights Reserved.
RISK MANAGEMENT
Liquidity Risk Management in Banks : Gap Analysis of Federal Bank and CBoP
-- Dr. Makesh K G and Megha Jose
`Gap Analysis' is a tool by which liquidity risk management can be evaluated. Differences in the amount
of inflows and outflows in each category of maturity are classified as either positive or negative depending
on whether such gap is favorable or not. This article analyzes the liquidity risk management in Federal Bank
and Centurion Bank of Punjab, for the year 2006-07 through `Gap Analysis'.
© 2009 IUP. All Rights Reserved.
REVERSE MORTGAGE
An Overview of Reverse Mortgage
-- S Anitha
Reverse mortgage is one of the financial products that offers regular stream of cash flows to senior citizens
to meet their monetary requirements. This article throws light on the reverse mortgage concepts.
© 2009 IUP. All Rights Reserved.
CASE STUDY
A Comparative Study of Merger Targets in
Private Sector Banks
-- Rahul Mishra
Mergers and acquisitions could be the order of the day for reasons of competitive advantages,
scale economies, bigger size, etc. This case study ranks 13 private sector banks as possible candidates for
mergers based on parameters like deposits, advances, total business, profitability, productivity, asset quality capital
adequacy ratio and branch network.
© 2009 IUP. All Rights Reserved.
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