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August' 06
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Investment Game Plan: The Way to Lead the Race
Stock Split in India: Conceptual and Regulatory Issues
Reflections of a Retail Investor
Emerging Indian Debt Market
Price to Earnings Multiple: What Investors can Reasonably Expect?
Real Estate Mutual Fund: A Curtain Raiser
Mutual Funds and Indian Capital Market
Indian Pharma Industry
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Investment Game Plan: The Way to Lead the Race

- - PR Kulkarni, Ranjit Lohia

The article is an empirical study on two of the most discussed long-term investment strategies, namely the "Contrarian Strategy" and the "High Dividend Yield Strategy".

Article Price : Rs.50

Stock Split in India: Conceptual and Regulatory Issues

- - Satyajit Dhar, Sweta Chhaochharia

Stock split is one of the strategic financial decision that acts as a signaling device to the investors. This article discusses several crucial issues pertaining to stock splits.

Article Price : Rs.50

Reflections of a Retail Investor

- - Vinit Mutha

Admist the high volume traded in the Indian Capital Market, there is a lack of vibrant retail participation. Lack of information and knowledge are the primary reasons for the same.

Article Price : Rs.50

Emerging Indian Debt Market

- - Dibyendu Dutta

The Indian Debt Market is one of the markets that is least understood by many. This article discusses in greater detail, the various issues related to Debt Market in India.

Article Price : Rs.50

Price to Earnings Multiple: What Investors can Reasonably Expect?

- - Sandeep Revankar

This article investigates the price to earnings multiple of S&P CNX Nifty from January 1999 to May 2006. It also examines the fundamental drivers of the price to earnings multiple and given the current fundamentals and multiple what the investors can reasonably expect.

Article Price : Rs.50

Real Estate Mutual Fund: A Curtain Raiser

- - Ali Md Anwer

Real Estate Mutual Funds (REMFs) are all ready to roll into the Indian capital market. This article provides a curtain raiser to the same drawing lessons from its American counterpart.

Article Price : Rs.50

Mutual Funds and Indian Capital Market

- - Surjit Mohapatra

Post Monday Mayhem statistics reveal that the FIIs alone might not have been the market movers, the Mutual Funds (MFs) too were crucial players. This article discusses the relevance and growing importance of MFs in India.

Article Price : Rs.50

Indian Pharma Industry

- - Surumpudi Neeraja

The article focuses on the key players of pharma sector in India with its changing scenario and effect on the capital market. The article also discusses about the increasing oppurtunities of pharma industry in the Global Market and how India is poised to become an outsourcing hub.

Article Price : Rs.50

What is Value Investing?

- - Lawrence A Cunningham

Value investing is a highly successful investment strategy fathered by Benjamin Graham and popularized by his most successful and celebrated disciple, Warren Buffet. This book discusses the basic tenets of value investing for a beginner and prepares the reader for a more detailed study of the tools and techniques to practice this powerful strategy.

Global Executive Summaries

  • Bovespa: Brazilian Stock Exchange
    Full Text:"www.bovespa.com"

  • Japanese Market Soars as Concerns Over Slowdown in US Economy Eases
    Full Text: www.realtimetraders.com

  • Cash in on Electronic Payments
    Full Text: www.money.cnn.com

  • Markets not in Sync with Global Cues
    Full Text: www.money control.com

  • A Life Insurance Policy for China
    Full Text:"www.mckinseyquarterly.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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