Indian Banking and Financial Sector Reforms : Realising Global Aspirations (2 Vols-Set)

Contents: Vol. I: Foreword. Preface. 1. Introduction/Ravishankar Kumar Singh. 2. Indian banking and global aspirations/J. Bala Komaraiah. 3. Globalisation and India\'s financial service sector/Ram Pratap Sinha and Nitish Datta. 4. Transforming Indian banking/G.M. Bhat and Altaf Hussain Kira. 5. Realigning banking objectives for the rural segment/Kavita G. Kalkoti. 6. Prudential norms for banking sector in India/Satish Shrivastav. 7. Insurance reforms: issues and challenges/Anand D. Mulgund. 8. Priority sector lending/Gopal K. Kalkoti. 9. Insurance Industry under GATS: Challenges and opportunities/Sadhana Phadnis. 10. Emerging trends and reforms of regional rural banks in India/Baij Nath Singh. 11. Banking sector reforms/R.Y. Mahore. 12. Globalisation and financial sector reforms in India/Ram Binod Singh. 13. Banking sector reforms in India: progress and prospects/Harindra Kishor Mishra. 14. Issues and challenges of the merger and acquisition of banking sector in India: Mission-2020/Mohan Prasad Shrivastava. 15. Financial reforms and the performance of Indian banking sector/R. Shashi Kumar. 16. Banking scene in the global economy--challenges ahead/R. Hiremani Naik. 17. Banking sector reforms: performance analysis of public sector banks/S.V. Sowani.

Vol. II: 18. Impact of Liberalisation Policy on commercial banking sector/Padmasree Jalandhar and Bharati Devi Anchula. 19. Indian banking: realising global aspirations/V. Siva Prakasam. 20. Banking sector reforms and their viability in the age of globalization/Sudhakar Dwivedi and Arun Bhadauria. 21. Source and knowledge of rural credit system in agriculture sector/Amod Sharma. 22. Globalization as a source of growth/Smriti Mukherjee. 23. Banking sector reforms in India/H.V. Jhamb. 24. Towards banking excellence under reforms: some issues/Manoj Shankar Gupta. 25. Financial stability under reforms/Asha Singh and M.S. Gupta. 26. Formation of an Asian economic community: dream or reality?/Radhika Lobo. 27. Globalisation and the developing world/Vibhuti Patel. 28. Financial structure and development/Medha Tapiawala. 29. Health insurance--an option/Hema Jagannathan. 30. Empowering of Indian Banking System through recovery of Non-Performing Assets (NPAs)/B.N. Pandey. 31. Banking sector reforms: an assessment and future vision/Umesh Prasad. 32. Strengthening banking system through Narasimham Committee/K.N. Yadav. 33. Banking sector reforms in India: progress, impact and tasks ahead/P.N. Sharma. 34. Legislative and other structural issues of banking sector in India under reforms/Tapan Kumar Shandilya and Deepak Kumar. 35. Consolidation in banking industry: mergers and acquisitions/Anjali Prasad. Index.

"Of late, the banking industry has undergone rapid changes, followed by a series of fundamental developments. Most significant among them is the advancement in information technology as well as communication system. This has changed the very concept of traditional banking activities and has been instrumental behind broadening the dissemination of financial information along with lowering the costs of many financial activities. Information technology and communication networking systems have revolutionised the functioning of the banks. In the highly industrialised countries, access to financial entities is on an online basis. Banks as well as other financial institutions in India have only recently entered the world of information technology and computer networking. Secondly, increasing competition among a broad range of domestic and foreign institutions in product marketing area has become a prevalent practice. Thirdly, in line with the increase in overall economic activities, financial institutions, too, have modified themselves accordingly in all the spheres including customer services. Consequently, the institutional and systematic structure of the financial sector in general and banking sector in particular has undergone drastic changes.

Nowadays we see many changes in banking administration and customer service areas. In many Indian cities there are 24 hours ATM counters, branches of every nationalised, private and international banks, quick cheque clearance system, fund transfer and every other conceivable facilities have been added for the benefit of account holders.

About thirty-six eminent economists and scholars have contributed their valuable papers on the subject of banking and financial sector reforms in India. The Indian triumvirate of Manmohan Singh, Montek Singh Ahluwalia and P.C. Chidambaram, no doubt, will reform every aspect of banking and financial sector business. The contributors have dwelt at length upon the present scenario and future perspectives of Indian banking and financial sector business." (jacket)