India's Transforming Financial Sector
India's Transforming Financial Sector

Author: Manoranjan Sharma

Publisher: Atlantic Publishers & Dist

Published: 2007

Total Pages: 452

ISBN-13: 9788126908080

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India Has Entered The Second Stage Of Financial Sector Development, Where Market Forces Are Helping In Resources Allocation And Efficient Price Discovery Process.The Harmonization Of Regulatory Institutions And Devising Of New Financial Architecture Is Necessary To Enhance The Resilience Of India S Financial Sector And Reduce The Fragility Of Some Financial Institutions. High Exposure In Government Securities, Government Guaranteed Loans, Improper Valuation Of Collaterals, Vulnerability To Interest Rate Cycle, Still High Level Of Npas, Unsatisfactory Corporate Governance And Disclosures, Inadequate Surveillance, Stock Market Volatility, Risk Concentration And Policy Failure Cause Concern. This Necessitates Improving Transparency And Governance, Resolving Failure In The Industrial And Financial Sector, De-Linking Government And Private Sector, Fostering Innovation, And Improving The Supervisory And Regulatory Infrastructure. Given The Debilitating Impact Of Financial Sector Crisis On The Economy, The Stability Of The Financial Sector Should Be The Goal Of The Economy. Financial Stability Can Be Strengthened By Improved Financial Infrastructure, Enhanced Competition And Restructured Segments Of Financial System.Reform Measures Enhanced Efficiency And Stability Of The Banking System In India. Indian Banks Are Well Placed Compared With Their Counterparts In Developed Countries. But There Are Persisting Issues Of Removal Of Structural Barriers To Competition, Privatisation Of Banking System, Radical Restructuring, Downsizing Of The Balance Sheet, Recapitalisation And Eventual Privatisation Of The Financial Institutions, Withdrawal Of Quantitative Credit Controls And Directed Credit And Modernisation Of The Payment System. The Inexorable Process Of Economic Reforms Must Continue To Slash Poverty And Support Sustainable Development While Strengthening Financial Institutions. This Overarching Goal Of Development Needs A Renewed Thrust On Financial Sector Reforms. The Papers Included In The Present Book Cover Large Areas, But All Coalesce Into The Central Theme Of India S Transforming Financial Sector. It Is Hoped That The Book Will Prove Useful To A Wide Cross Section Of The Reading Public, Including Scholars And Academics, The Government Executives, International Institutions, Business Communities, And Planners And Policymakers.

Indian Financial Sector
Indian Financial Sector

Author: Rakesh Mohan

Publisher: International Monetary Fund

Published: 2017-01-20

Total Pages: 35

ISBN-13: 1475570201

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This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a consequence of successive reforms over the past 25 years, there has been significant progress in making interest and exchange rates largely market determined, though the exchange rate regime remains one of managed float, and some interest rates remain administered. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks continue have a dominant share in the market. Contractual savings systems have been improved, but pension funds in India are still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance can expand much further, which would also provide greater depth to the financial markets. The extent of development along all the segments of the financial market has not been uniform. While the equity market is quite developed, activities in the private debt market are predominantly confined to private placement form and continue to be limited to the bluechip companies. Going forward, the future areas for development in the Indian financial sector would include further reduction of public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion of the insurance and pension systems, greater spread of mutual funds, and development of institutional investors. It is only then that both the equity and debt markets will display greater breadth as well as depth, along with greater domestic liquidity. At the same time, while reforming the financial sector, the Indian authorities had to constantly keep the issues of equity and efficiency in mind.

Quest for Restoring Financial Stability in India
Quest for Restoring Financial Stability in India

Author: Viral V. Acharya

Publisher: Penguin Random House India Private Limited

Published: 2023-08-28

Total Pages: 278

ISBN-13: 9357082468

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An excellent primer for students wanting to learn macroeconomics and policymaking - Kaushik Basu An important and timely contribution to our understanding of the Indian economy - Raghuram Rajan How to maintain financial stability in India? Quest for Restoring Financial Stability in India is a classic work to understand this critical subject. In this Penguin edition, with a new introduction, Viral V. Acharya, former Deputy Governor of RBI offers a concrete road map for comprehensive improvement of India's economy. Authoritative and definitive, this is a must read for the students and scholars of Indian economy, policymakers and anyone interested in India's finance sector.

Indian Financial System, 5th Edition
Indian Financial System, 5th Edition

Author: Machiraju H.R.

Publisher: Vikas Publishing House

Published:

Total Pages: 488

ISBN-13: 9352718798

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This much?awaited new edition of a pioneering textbook written by an expert academic and policy maker is released after a gap of eight years. All through these years the book has been in demand across many university departments and b?schools.

Indian Financial System : As per the latest Curriculum on the directives of NEP 2020 | LPSPE Edition
Indian Financial System : As per the latest Curriculum on the directives of NEP 2020 | LPSPE Edition

Author: H.R. Machiraju

Publisher: Vikas Publishing House

Published:

Total Pages: 488

ISBN-13: 9390080487

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This adaptation has been prepared using the content from a popular textbook written by an expert academic and policy maker to cater the requirements of the new NEP curriculum. India has seen landmark changes in its financial system in recent times, which has transformed the economic scenario of the country in a big way. This edition incorporates these changes in all their complexities yet retains the original focus on the analysis of the principles and practices in the money market, capital market and foreign exchange market of India. This all?inclusive textbook ; covering major concepts, regulations and practices in the working of financial intermediaries, capital market, money market and foreign exchange market ; puts the Indian financial system in the right perspective. The book has been thoroughly revised and includes the latest available data.

India Transformed
India Transformed

Author: Rakesh Mohan

Publisher: Brookings Institution Press

Published: 2018-09-25

Total Pages: 491

ISBN-13: 0815736622

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In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

India’s Approach to Open Banking: Some Implications for Financial Inclusion
India’s Approach to Open Banking: Some Implications for Financial Inclusion

Author: Mr.Yan Carriere-Swallow

Publisher: International Monetary Fund

Published: 2021-02-26

Total Pages: 27

ISBN-13: 1513570684

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We examine how the development of the digital infrastructure known as the “India Stack”—including an interoperable payments system, a universal digital ID, and other features—is delivering on the government’s objective to expand the provision of financial services. While each individual component of the India Stack is important, we argue that its key overarching feature is a foundational approach of providing extensive public infrastructures and standards that generates important synergies across the layers of the Stack. Until recently, a large share of India’s population lacked access to formal banking services and was largely reliant on cash for financial transactions. The expansion of mobile-based financial services that enable simple and convenient ways to save and conduct financial transactions has provided a novel alternative for expanding the financial net. The Stack’s improved digital infrastructures have already allowed for a rapid increase in the use of digital payments and the entry of a range of competitors including fintech and bigtech firms.

Structural Transformation of Indian Economy
Structural Transformation of Indian Economy

Author: Sudarshan Murty

Publisher: Atlantic Publishers & Dist

Published: 1996

Total Pages: 410

ISBN-13: 9788171565825

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Indian Economy Has Undergone Great Structural Transformation Since Indepen¬Dence. It Is Necessary To Look Into The Different Aspects Of This Transformation And The Present Volume Aims At Fulfilling This Task.The Planned And Also The Unplanned Growth Of Indian Economy Is Facing Many Pro¬Blems At The Grass-Root And Also At The Topmost Levels. After Looking Into The General Issues Of Structural Transformation, The Book Analyses, Explains And Interprets The Performances, Perspectives And Prospects Of The Primary, Secondary, Tertiary And Social Sectors Of The Indian Economy.Thirtynine Eminent Economists, Edu¬Cationists And Scholars Have Contributed Their Research Papers And Notes For This Work. The Book Will Be Immensely Useful For The Academic, Economic, Political And Social Worlds. It Will Be Of Use For The Planners, Scholars, Researchers And Students Of Economics And Other Social Sciences. It Will Answer Many Questions And Will Raise Further Issues On The Academic And Economic Stage.

Revisiting the Indian Financial Sector
Revisiting the Indian Financial Sector

Author: Paramita Mukherjee

Publisher: Springer Nature

Published: 2022-01-24

Total Pages: 303

ISBN-13: 9811676682

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This book provides perspectives on the latest developments and pertinent issues in the Indian financial sector in current times. The reforms initiated in the nineties in the financial sector have transformed the way financial markets and institutions function today. However, certain sectors like banking, and markets like the capital market have undergone sea changes. The research contributions in this book focus on the issues pertaining to such sectors like banking, NBFCs and the stock market. The opening up of financial markets and emergence of institutional investors have been a significant phenomenon in the Indian context. At this backdrop of increasing financial integration, the impact of financial liberalisation on the overall development of the sector, and how the global policies and events influence the Indian financial sector, are analysed in the book. The emergence of new regulations in the capital markets to instill more discipline and transparency, have also changed the way corporates take financing decisions. For example, regulatory authorities are continuously reviewing norms pertaining to issues like promoters’ shareholding owing to risks arising from excessive leverage and the linkages between financial intermediaries. Corporate governance, environmental aspects are some important additions in corporate financing norms in the recent past. The book incorporates a discussion on this, too. Apart from these, the book also has incorporated several aspects on an emerging concept called financial inclusion, its measurement and constraints to achieve the same. And finally, at the backdrop of the disruption created by the COVID-19 pandemic, the impact on the Indian capital market is also discussed. Contributions are based on rigorous empirical research and incorporate the perspectives of renowned academicians in the field of finance and financial economics across the country. Apart from the research community, this book will also be helpful for financial analysts working in the financial sector to have some idea about the current issues, the direction of research on those issues and different perspectives on them.

Fortifying India's Transformation
Fortifying India's Transformation

Author: Divya Singh Rathore, Suryapratap Babar

Publisher: Notion Press

Published: 2024-02-07

Total Pages: 224

ISBN-13:

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The decisions of the Indian State in the last decade have put India into a high growth trajectory - not just in terms of economic growth but also in the geopolitical, social and developmental domains. India’s growth story and development policies have become a beacon for other developing countries. The position that India is in today is a result of all the aforementioned policy decisions. However, through our interactions with youth in the age group of 18 to 35 years, we realised that they lack this background understanding of how their lives are impacted and improved by the decisions of the Indian State. To address this gap, we decided to write this book. Our book will help you understand what the challenges were faced by India in the geopolitical, governance, cultural, women & youth and climate fronts and how the policies of the Indian State have attempted to solve these challenges. Consequently, the book is divided into five sections: Geopolitics, Digitalisation & Governance, Decolonisation of Indian Ethos, Women & Youth and Climate & Sustainability. We have also attempted to suggest how the policy framework in these domains can be improved and we would very much like the readers to engage with us over them. India is roaring today! And this book is an attempt to explain to the readers, what is making India roar towards glory.