Modern Banking in India : Dimensions and Risks
Contents: 1. Profitability and efficiency in Indian banks/Deepak Tandon, Neelam Tandon and Anurag Arora. 2. Impact of globalisation on Indian banking/Harish K. Chopra. 3. Changing face of Indian banking/R.K. Uppal, Rachna Kumari, Rosy Chawla and Poonam Rani. 4. Economic reforms and efficiency of banks in India/Rajinder Punia and Himanshi Rampal. 5. Recent developments in Indian banking sector/Inderpreet Kaur, Parul Bhandari and Priyanka Gupta. 6. Structural shifts in banking business/Aiswarya S. Pradeep. 7. Wireless banking/Deepshikha Bhargava. 8. Policies and strategies for strong banking/R.K. Uppal and Rachna Kumari. 9. Customer security management in retail banking/R.K. Agarwal, R.C. Mathur and Abhinn Baxi. 10. Indian banks and information technology /Avik Roy and Deepika Jain. 11. Growth dimensions of Indian banks/Esha Singh and Rajat Bansal. 12. Corporate social responsibility (CSR) in banking/Gagandeep Kaur and Pooja Bhalla. 13. Reverse mortgages: an innovation for elderly homeowners/Palvi Singh. 14. Competition policy and banking sector/Navdeep Kumar. 15. Retail banking in India/Keyur M. Nayak. 16. Work culture in Indian banking sector/Amanpreet Singh Brar, Inderpreet Kaur and Rupinder Kaur. Index.
"The key objective of reforms in the banking sector in India since early 1990s has been to enhance the stability and efficiency of banks. The enactment of the securitisation, reconstruction of financial assets and enforcement of security interest (SARFAESI) act, 2002 was an important landmark in the ongoing reforms in the financial sector. The act enables the setting up of asset management companies, addressing the problem of non-performing assets (NPAs) of banks and financial institutions and enhancing creditor rights.
In the Indian context, the financial sector, especially the banking sector, has been a major beneficiary from the inroads made by information technology (IT). However, technical characteristics of internet technology have raised new concerns for both bankers and supervisors. Bankers have identified security risk as a primary concern relating to e-banking. External threats such as "hacking", "sniffing", "spoofing" and "denial of service" attacks expose banks to new security risks.
The present volume contains 16 well-researched papers dealing with different aspects of current banking practices in India. The papers, authored by experts in the field, explain and evaluate Indian banking system in the liberalised regime and offer policy recommendations for improving efficiency of banks to achieve standards comparable to best international practices. This work, it is hoped, would prove immensely useful to academicians as well as practitioners in the field." (jacket)
