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COVER STORY
Hong Kong : No Longer China's Gatekeeper
-- Katuri Nageswara Rao
While Hong Kong has a vibrant market, it still needs to grow bigger, especially with Chinese reforms producing good results. In fact, Hong Kong has a unique place in Asia and in the world. Will it preserve its place of primacy as a premier financial center or concede ground to rivals like Singapore, Shanghai or Mumbai?
© 2008 IUP . All Rights Reserved
ECONOMY
Will Euro Eclipse Dollar? : Euro vs. Dollar -- C Krishna Priya
The dollar has enjoyed the key currency status for about half a century. With the current situation against the greenback, will euro be the most-sought-after currency?
© 2008 IUP . All Rights Reserved
ECONOMY
Will Inflation Choke Growth?
-- Swaha shome
The recent inflation in India has gone much beyond the comfort level of 5%. Since inflation hurts the poor the most, the government is taking strong inflation-control measures. The most important question now is whether monetary policy will come up with its own measures to support the fight against inflation? However, in view of the causes of inflation as well as the current slowdown in the manufacturing sector, a hike in the rates may not be advisable. The article examines the current scenario of inflation and issues related to its control.
© 2008 IUP . All Rights Reserved
REGULATION
Central Banking Governance : Insights -- A K Sohani and Ravi Kumar Jain
The need to have a relook at corporate governance issues has become much more relevant today. It is attracting the attention of both national and international players in view of high profile failures of the corporations like Enron, WorldCom, Tyco, Global Crossing and Bear Stearn, the fifth largest investment Bank in the US, to name a few. From the Cadbury report to Paul Myners, various issues in corporate governance have been examined.
© 2008 IUP . All Rights Reserved
REGULATION
Farm Debt Waiver : Will it Impact the Banks?
-- Dr. S B Kamashetty
Mere debt write-off cannot bring perpetual relief to the farming community. Investment, be it from the public or private sector, has to come in big chunk to agriculture. Irrigation facilities are to be stepped up for conversion of land to suit cultivation. The budget should have focused on improving agriculture infrastructure requirement.
© 2008 IUP . All Rights Reserved
REGULATION
Rising New Governance Regime in Monetary Policy : A Review of ECB and Fed
-- Lingisetti Venu
The European Central Bank favors `Credibility Strategy' that is inclined more towards a rule, a commitment and a published framework, while the US Federal Reserve believes in following `Confidence Strategy' with no rule, no commitment and no published framework but a commitment to have a permanent dialogue with the public.
© 2008 IUP . All Rights Reserved
MICROFINANCE
Green Microfinance in India : Searching for a New Ground
-- Dr. Sheenu Jain and Prof. Ravindra K
Present-day environmentalism tends to focus on a philosophy of sustainability aiming at combining ecological and economic concerns, and has a significant impact on the key processes. With rapid increase in the microfinance activities in India and their future growth proliferation, there is an urgent need to address the green effect. This article reviews how environmental concerns may be spawning alternative approaches to microfinance institutions in India to deliver value-added services and to potentially establish a source of competitive advantage for weaker section of the society.
© 2008 IUP . All Rights Reserved
MICROFINANCE
Microfinance in India : The Case of ICICI Bank
-- Rajan Shah and Joel Sarosh
India's second largest commercial bank, the ICICI Bank, was quick to recognize the microfinance market as a profitable investment, and eagerly seized the opportunity to expand its business while improving the lives of poor people. It utilized two business models to expand its presence in India, viz., the bank-led model and the partnership model. The article discusses these unique models which helped the ICICI Bank extend credit directly to India's rural areas without investing much in initial developmental costs.
© 2008 IUP . All Rights Reserved
CREDIT MANAGEMENT
Debt Relief Package : A Rare Opportunity to Distressed Farmers -- Rajendra Singh
The government has taken up the responsibility of clearing some outstanding loans of farmers. This will help the banks to reduce their non-performing assets and extend fresh credit. It helps farmers in many ways.
© 2008 IUP . All Rights Reserved
E-BANKING
Product Innovation in Banking Industry : A Brief Study of e-Banking Scenario
-- Mallikarjunan Krishnamurthy
Globalization, coupled with the growth in the world economy as a whole, has set off the spirit of competition among the banks in providing various kinds of products and services. There are advantages as well as risks involved in such innovations. Slowly, the conventional products are being displaced because of the innovative techniques in the traditional banking process. This article provides an interesting insight into these aspects and predicts a future where convenience will be the buzzword for all the banking services provided.
© 2008 IUP . All Rights Reserved
STRATEGY
Central Bank's Role : Bear Stearns Episode -- D Satish
The role of the central bank of any country is to regulate that country's economy. This means that the central bank also has to supervise the functioning of various banks and bail out those in trouble. But whether it can bail out banks selectively - as has been done by the Federal Reserve, the central bank of the United States, in the case of troubled investment bank Bear Stearns -- is certainly debatable. The Bear Stearns bail out was necessitated by its falling a victim to the US subprime crisis. But the Federal Reserve's action has drawn widespread flak.
© 2008 IUP . All Rights Reserved
MARKETING
What's in a Name? : Branding Banks
-- Srujana Vari and Sumathi Nukala
Rebranding practices are undertaken by banks mainly to improve the customer relationship, the market share and profitability. This article focuses on the branding practices of banks and their impact on the sector.
© 2008 IUP . All Rights Reserved
CUSTOMER SATISFACTION
Customer Satisfaction in Canara Bank: Regression Analysis
-- Dr. E K Rayappan and Prof. R Shunmughan
The article aims to ascertain the level of satisfaction of customers in Canara Bank at Gobichettipalayam taluka in Erode district of Tamil Nadu. It highlights the bank's marketing strategies, measures the satisfaction levels of the customers and analyzes the role of individual components of marketing mix in the satisfaction of customers.
© 2008 IUP . All Rights Reserved
CASE STUDY
Growth of Rural Banking : Through Rudseti -- Dr. B K Swain
Rural banking will be an attractive business proposition if linkages are made with the participants coming out successful from the RUDSET Institutes. The motivation level and the skills acquired through intense and rigorous training have encouraged bankers to extend credit to them without hesitation.
© 2008 IUP . All Rights Reserved
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