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COVER STORY
The Truth About Satyam
--Katuri Nageswara Rao
The Satyam episode is obviously a case of gross corporate misgovernance. All pillars of governance,
the independent directors, auditors, regulators and the government have collectively failed. It needs to be
realized that corporate governance will be effective not merely by the imposition of more severe regulations but by
the duty of care and duty of loyalty that the directors exhibit.
© 2009 IUP. All Rights Reserved.
STRATEGY
Banking in India: Journey Towards a New Dawn
--Debdas Rakshit and Sujit K Ghosh
Financial sector reforms over the past decade have strengthened the fundamentals of Indian banking
system and transformed the operating environment for banks. But the opening up of the system, in its way, dragged
a number of challenges. The proposal for further relaxation to foreign players and banks' compliance with
Basel II norms by 2009 will further transform the industry. This article analyzes the areas on which the
Indian banking sector should concentrate on amidst these changes.
© 2009 IUP. All Rights Reserved.
REGULATION
Central Banking in India: Thinking Beyond the Traditional Wisdom
--Dr. Ashish Srivastava
The functions of the central bank have been evolving with the changing circumstances and there is a
continued need for the central bank to keep redefining its functions and think beyond the traditional wisdom to keep
pace with the changing environmental dynamics.
© 2009 IUP. All Rights Reserved.
REGULATION
Banking and the NPA Act
--Prof. N B Dey and Mahua Biswas
The SRFAESI Act has helped the bankers in recovering bad loans. However, certain loopholes in the Act need
to be plugged. This article analyzes some of the important provisions of the NPA Act, its impact on banking and
the latent loopholes in it.
© 2009 IUP. All Rights Reserved.
PRODUCTS
Syndicated Loans: The Global Scenario
--Manoj Kumar Joshi
The volume of syndicated loans has been on a rise globally though the current economic slowdown
has reduced its pace. Banks and companies in India are also catching up with their western counterparts in
availing themselves of the international syndicated loans mostly for capacity expansion and merger and
acquisition activity. Technology has been expediting the administrative procedures associated with the syndicated
loan market.
© 2009 IUP. All Rights Reserved.
MICROFINANCE
E-Microfinance: Harnessing Technology in Microfinance
--S Rajagopalan
Despite the developments in microfinance, a large number of people in the developing countries still
lack access to the basic financial services. High transaction costs restrict the outreach of Microfinance
Institutions (MFIs) to rural areas. Information and Communication Technologies (ICTs) have emerged as a
powerful solution to address the issues that the MFIs face. This article provides an overview of the developments
in microfinance with regard to the use of ICTs.
© 2009 IUP. All Rights Reserved.
RETAIL BANKING
Indian Retail Banking: There is Life Beyond Credit
--K Saikrishna
This article focuses on the emerging opportunities for earning income from fee-based services in the
Indian retail banking sector. It discusses the problems faced by the Indian retail banks and explains why the
fee-based services are more lucrative than the fund-based services in the current scenario. The author also describes
the popular fee-based services offered by the retail banks and the future scope for the growth of these services
in the Indian retail banking industry.
© 2009 IUP. All Rights Reserved.
COOPERATIVE BANKING
Revival of Cooperative Credit Institutions in India: An Insight into the Vaidyanathan Committee Report
--A K Sohani
Cooperative banks play an important role in meeting the credit requirements of the agricultural sector.
This article traces the evolution, growth and current position of the cooperative credit structure in India. It
throws light on the Vaidyanathan Committee report that seeks to revitalize all the rural cooperative structures.
The article also presents the current scenario with respect to implementation of the recommendations.
© 2009 IUP. All Rights Reserved.
MERCHANT BANKING
Public Issue Management by Merchant Banks in India
--Prof. C P Mall and Anand Singh
Public issue refers to the process wherein a company goes to the public for raising money by offering ownership in
the company. When a company makes a public issue, it appoints a merchant bank who assists the company in the capacity
of lead managers, co-managers, advisers and bankers to the issue. The Indian primary capital markets have undergone a lot
of structural changes over the last few years. This article analyses the evolving role of the merchant bankers and the
changing nature of the public issues.
© 2009 IUP. All Rights Reserved.
CASE STUDY
Retail Debt Financing: With Particular Reference to Credit Card Issued
by Syndicate Bank
--H G Rekha Champakanath
Syndicate Bank ventured into the credit card segment by introducing `Syndicate Bank Gold Credit Card' in
2003 to capitalize on the profitability of the segment. This case study analyzes whether this step was right in
terms of the revenues made by the bank and the losses incurred as a result of the introduction of the card. The
study also suggests measures that the bank can take to make this product more profitable.
© 2009 IUP. All Rights Reserved.
BOOK REVIEW
Banking (Juris)prudence
--Reviewed by M Hanumantha Rao
Even so, the contagion of the international banking crisis
is still quite virulent, and it is not as though the Indian banks
are completely immune to the serious afflictions besieging
their international counterparts. And it does not really need a seer
to point out the elementary factthough many
management pundits have done itthat when faced with a crisis, the secret
of survival lies in going back to the basics and getting them right.
© 2009 IUP. All Rights Reserved.
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