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April' 07
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Private Equity : Creating Wealth for India Inc.
The World of Futures
The Ratio Spread and the Back Spread
Scope of Mutual Funds among SMEs : A Select Study
Blank Check Companies
Credit Counseling : A Closer Look
Private Client Management : A Comprehensive Financial Planning Approach
Stock Market Performance of Select Commercial Banks in India
     
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Private Equity : Creating Wealth for India Inc.

- - GD Rathod

This article attempts to understand the Private Equity (PE) system in India, the various factors that drive and hinder the growth of PE, risks faced and its regulatory challenges. Of late, Private Equity (PE) investments in emerging markets are making headlines. As developed markets become increasingly saturated, markets like India among other emerging markets are attracting record commitments from the global PE funds. Fund raising in emerging markets more than tripled in 2005, crossing the $21 bn mark. The Stock markets in many emerging economies are experiencing unprecedented levels of liquidity and interest in emerging markets continues to grow.

Article Price : Rs.50

The World of Futures

- - Aurobindo Ghosh

Futures market in India, though relatively young has received considerable attention. The article looks into the details of futures market. These days, people, who are engaged in financial institutions, are expected to be quality future tellers. They should be able to foretell the customers or investors which side the money is flowing and which side it will take a turn. That is, they must know the course of the money flow before hand and must also be able to guide the receiving agencies regarding their course of action, so that the investor's investment is not only safe, but grows to a considerable extent.

Article Price : Rs.50

The Ratio Spread and the Back Spread

- - Amandio FC da Silva

Option strategies such as ratio spread and the back spread can be effectively used in a less volatile environment. The article looks into both these strategies in a greater detail. A striking feature of the stock market is the number of risk lovers who are ready to take a risk to make a profit. Similar to stock trading strategies, various derivatives trading strategy are also in existence. Among the various option trading strategies available to the risk-lovers, one of the most popular is theRatio Spread and its opposite spread, the Back Spread.

Article Price : Rs.50

Scope of Mutual Funds among SMEs : A Select Study

- - Manisha Pillai

The article explores the potential of mutual fund investment by SMEs in India taking a sample study under consideration. Small and Medium Enterprises (SMEs) have a high growth potential in India. With this growth potential, SMEs are expected to register higher profits in the years to come. The challenge at that point of time would lie in managing the surplus funds available with them. Generally, such industries prefer to keep their funds parked in banks, that are considered to be a safe avenue, coupled with a steady rate of return.

Article Price : Rs.50

Blank Check Companies

- - S Aravanan

The history of Blank Check Companies is relatively old in the US, but is nascent in India. The article takes a closer look at these companies. Of late the term "Blank Check Companies" is hitting the heading of almost all the financial dailies. But what is a Blank Check Company? A Blank Check Company refers to a company in the developmental stage that has no specific established business plan, yet. The term generally applies to a shell company with limited or no employees, little or no physical assets and no products and with only a business plan to merge with or acquire some unidentified company or companies.

Article Price : Rs.50

Credit Counseling : A Closer Look

- - Arindam Banerjee

The boom in the credit card industry has a downside to it; not being able to manage the benefits of credit card leading to bankruptcy. This article looks at the emergence of credit counselling centers to assist people. In the previous decade, credit off take in India has grown out of bounds and the growth of credit cards in the market needs a special mention. The propensity to consume now and pay later is increasing. Coupled with this, having multiple credit cards and offers to convert grocery bills into interest free EMI, which is a relatively new concept, is also becoming a common feature.

Article Price : Rs.50

Private Client Management : A Comprehensive Financial Planning Approach

- - Debarati Bhattacharya

This article is the fifth and the concluding part of the five-series article on Private Client Management. The concluding part of the article takes a closer look at retirement planning and its different facets. Worrying about the rising inflation, healthcare costs, and the ever-changing tax laws can be a challenge for the people who are approaching their retirement. A Wealth Management team works with the client to make sure that an individuals' lifestyle is sustained during the twilight years. Pension schemes are policies that provide benefits to the insured upon retirement. If the insured expires during the term of the policy, his nominee would receive the benefits either as a lump sum or as a pension every month.

Article Price : Rs.50

Stock Market Performance of Select Commercial Banks in India

- - Tamal Datta Chaudhuri

The article examines the Indian commercial banking industry that has posted continuous profit and positive stock market performance amidst turbulent environment. The commercial banking sector in India consists of public sector banks, old private sector banks, new private sector banks, foreign banks, cooperative banks and regional rural banks. Of these, cooperative banks and regional rural banks are not listed on the stock exchanges. Among the remaining banks, some are listed. The Bankex is a sectorial index of BSE that provide a proxy for banking stock.

Article Price : Rs.50

Institutional Investors : Emerging Trends

- - Editor: Arindam Banerjee Reviewed by Himabindu

For more information and procuring this book, visit www.iupindia.in/books Finance and institutional investors are closely related to each other especially in developing economies. This book closely examines the rise of Foreign Institutional Investors (FII's) in India and also peeps into the entry of Foreign Direct Investments (FDI) and Private Equity in the Indian markets. Institutional investors have enormous financial clout in the world's financial markets, especially in BRIC Nations. India, which opened its gates to Foreign Institutional Investors (FIIs) in September 1992, in the wave of economic reforms, has seen the impact of institutional investment.

Global Executive Summaries

  • Chase for Hedge Funds
    Full Text: www.bloomberg.com
  • The Real Estate Sector in Turkey
    Full Text: www.turkishdailynews.com
  • Venture Capital in Israel
    Full Text: www.altassets.com
  • Playing Safe in the US Capital Market
    Full Text: www.ft.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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