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COVER STORY
-- Katuri Nageswara Rao
The recent global developments have called for a critical review and revision of the financial architecture. The issues that are
hotly debated are transparency, accountability, efficient regulations, integrity of financial markets, enhanced international
co-operation and reforming the institutions like IMF/World Bank. G-20 group has recently submitted reports on these issues. While
a new global financial architecture is desirable, the G-20 recommendations do provide a good road map for its achievement.
© 2009 The IUP. All Rights Reserved.
SCENARIO
The Second Innings
-- Swaha Shome
Although International Monetary Fund was reduced to the position of a bystander in the past few years, the current financial
crisis has brought the fund back to the forefront. The fund has once again been restored as the lender of the last resort. In 2008, the
fund provided rescue packages for Pakistan, Hungary, Iceland and Ukraine. To increase its lending ability, Japan and European Union
have pledged $100 bn each. Also, the US has pledged a similar amount.
© 2009 The IUP. All Rights Reserved.
RECOVERY MANAGEMENT
A Benchmark for Banking Sector
-- Dr. Sarita Aggarwal
This article highlights the prudential norms for classification and management of non-performing assets as per global norms.
© 2009 The IUP. All Rights Reserved.
STRATEGY
Need of the Hour
-- Rajendra Singh
Consolidation is necessary for up scaling technology performance and acquiring larger size for major banks. Indian banks have
to compete with private banks and foreign banks and consolidation strengthens PSBs in this regard. Profitability improvement is
also possible through consolidation and so is risk management.
© 2009 The IUP. All Rights Reserved.
STRATEGY
-- BK Swain
This article focuses on how the banks in general and the public sector banks in particular can improve their productivity by
managing some of the important elements in a rational way.
© 2009 The IUP. All Rights Reserved.
STRATEGY
A Story of RAS
-- S N Ghosal
The present financial turmoil has shaken the confidence of both depositors and lenders all over the world. In fact, lenders are
more disturbed as all of a sudden they have found that some of the most sophisticated instruments used by them, which were
yielding huge profits are now proving very risky and leading them to bankruptcy. This fatal blow has shaken their confidence despite
the induction of capital by the state and the regulators to restore confidence and help them to come out of this turmoil
almost unscathed.
© 2009 The IUP. All Rights Reserved.
TECHNOLOGY
-- Dr. Filomina P George, Dr. S Mercia Selva Malar, Sudheendran M
The banking sector in India has gathered momentum with the economic liberalization after 1991. Banking has now become
more competitive in terms of service delivery and spectrum of products. Servicescape is an emerging area where Indian banks are
trying to equate themselves with their western counterparts. This article examines the various dimensions of
technology-enabled servicescape of commercial banks in India.
© 2009 The IUP. All Rights Reserved.
TECHNOLOGY
-- Vissapragada Srinivas
Advancement in computer technology and Internet has shown its effect on traditional banking business in India. As Internet
became more easily accessible, banks have realized the importance of innovative banking and started offering technology-based
banking services in order to retain old customers and capture new business opportunities.
© 2009 The IUP. All Rights Reserved.
TECHNOLOGY
-- K Saikrishna
This article discusses the innovations in information technology being used in the Indian banking system. The advent of
technology in banking has widened the scope for entry into new markets and has helped the banks to develop innovative products, services
and effective delivery channels.
© 2009 The IUP. All Rights Reserved.
INCLUSIVE GROWTH
A Constructive Step towards Poverty Alleviation
-- Urmila Mallick
Financial Inclusion (FI) is the availability of banking services at an affordable cost to those belonging to low-income groups.
This article presents an overall picture of FI in India. It dwells on the various initiatives taken by Reserve Bank of India, as well
as Government of India. Finally, some analytical suggestions are made for making FI program a success.
© 2009 The IUP. All Rights Reserved.
INVESTMENT BANKING
A Long Way to Go
-- Akinchan Buddhodev Sinha
India is one of the fastest growing economies of the world and any development can be possible only if it receives the
most important nutrition, that is, finance. No doubt there are various sources of finance available for an organization, but things
are comfortable for big giants.
© 2009 The IUP. All Rights Reserved.
CASE STUDY
Problems and Prospects
-- Manoj Kumar Choubey
This case study gives an analysis of the problems and prospects of housing finance with particular emphasis on the housing
loans lent by HDFC in Varanasi.
© 2009 The IUP. All Rights Reserved.
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