Globalisation and Financial Service Sector
Contents: Preface. I. Advances in Financial Institutions: 1. Information system and technology in Indian commercial banks/H.P. Pandey, K.S. Negi, Ram Sharan Pandey and A.K. Pokhriyal. 2. Role of banking institutions in financing the corporate sector: a comparative study of public and private sector banks/Paramjit Singh. 3. A critical study of operational performance of UPFC/R.C. Dangwal and Shardha Gupta. 4. Banking system and its emerging trends--a case study/Kawaljit Singh. 5. Appraisal of financial assistance programme of PSIDC/Vikas Bansal. 6. Need for restructuring financial system for the rural development/R.S. Pandey. 7. Impact of UPFC\'s lending on the performance of enterprises/R.C. Dangwal and Shardha Gupta. 8. Perception of borrowers as to utilization and repayment of cooperative finance/Partap Singh. 9. Profitability of pre- and post-reform process in banking industry of India/Pratap Singh Chauhan and Daxa Gohil. II. Advances in Financial Services and Markets: 10. From Badla to options and futures: developments in the Indian stock market/B.S. Bhatia and Nandita Bajaj. 11. Mutual funds performance: a case study/G.S. Batra, A.S. Chawla and Maninder Kaur. 12. Indian capital market: the emerging role of merchant bankers/K.S. Ramola. 13. Investors\' perceptions about the working of Indian securities market and protection of investors/Kanchan Goyal. 14. New vistas in auto financing--a case study/Salesh Kumar Yadav. 15. Hire purchase--an innovative financial service/Kawaljit Kaur. 16. A critical appraisal of financial and operational performance of leasing companies--a case study/G.S. Batra and Meenakshi Seth. 17. Review of studies in development finance/Shardha Gupta. 18. Problems of commercial papers in India/S.S. Kaptan and S.A. Telang. 19. Regulatory approach to Indian corporate securities market/Anil Kumar Sharma. 20. Legitimacy of the external reporting of corporate social performance/K.N. Badhani and A.K. Pokhariyal. Index.
"Financial innovations have changed the whole structure and functioning of financial markets. The entire range of reforms aimed at promoting competition within a prudent regulatory regime is beginning to bear fruit. The financial position of the scheduled commercial banks has improved. The number of public sector banks declaring operating profits went up. The average ratio as to non-performing assets to the total advances for the public sector banks came down in case of numbers of banks.
The response of foreign investment flows to the liberalisation measures has been very encouraging over the last few years. The liberalisation of the financial sector has also thrown up the need for several financial markets and services. One of the noteworthy events has been the emergence of a link between call money markets and foreign exchange markets, and inevitable consequence of the gradual development of these markets over the last few years.
The process of reforms in the capital markets including the money markets were further strengthened. The Securities Laws (Amendment) Act empowered SEBI to regulate all market intermediates. An ordinance to establish a system of depositories was promulgated addressing one of the major lacunae in the existing system. SEBI has introduced a number of new rules and regulations which will improve market practices. New financial services have been introduced by various financial institutions.
This book on Globalisation and Financial Service Sector studies the developments in financial services, financial institutions and markets. The papers deal with structural facets as to financial institutions, services and markets. This volume will be of immense help to all those interested in the study of financial innovations taking place in global financial markets." (jacket)
