{"title":"Banking \u0026 Finance","description":"","products":[{"product_id":"india-banking-and-finance-report-2024","title":"India Banking and Finance Report 2024","description":"\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003e\u003cem\u003eThe India Banking and Finance Report (IBFR) 2024\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003eis a compendium of articles on the Indian and global financial landscape. The report covers a wide spectrum of topics, across sixteen chapters: from latest macro-financial developments to ECL provisioning, ESG to Digitalization of Trade and regulatory contours after Silicon Valley Bank meltdown to credit guarantees for MSMEs. The discussion, in each chapter, is buttressed with theoretical and empirical analysis. However, like the earlier editions, the style remains lucid. The report presents the challenges and opportunities in an integrated and volatile world of banking and finance, the need for appropriate reforms and regulations, and the key lessons for the future. \u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003eIBFR has become the flagship annual publication of NIBM Pune eagerly awaited by the practitioners, experts, regulators and students of financial services and insurance sector. IBFR 2024 has sixteen essays contributed primarily by the faculty and alumni of NIBM in collaboration with outside experts wherever required covering aspects like macroeconomy and financial markets, risk management, information technology and issues in HR and strategy… All the sixteen essays have not only maintained the high academic standards already set by the previous reports but also improved the quality and rigour of analysis. It is a welcome and timely addition to the growing literature on the subject.\u003cbr\u003e\u003cstrong\u003eRavindra H. Dholakia\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eMember of Central Board of RBI; former Member of Monetary Policy Committee, RBI and Professor, IIM Ahmedabad.\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eIBFR 2024 is a valuable compendium of articles on topical issues in banking and finance. Its focus on the latest developments and challenges in financial markets, risk management, digitalization, HR and strategy is commen-dable. It will be of immense benefit to academicians, practitioners and policymakers, in India and abroad.  \u003cbr\u003e\u003cstrong\u003eBhimaraya Metri\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eDirector, IIM Nagpur\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eThe 2024 edition of IBFR is indeed a real treasure in the realms of BFSI Research, Policy and Practice. It’s loaded with insightful, analytical and sometimes intriguing posers to readers on a diverse range of topical issues—macro-economy to financial sector, including insurance space and the new normal in risk management to digital disruption. Latest development, such as, application of ECL mechanism and ESG framework also find a place in eruditely scripted features. Another redeeming feature of such a priceless publication relates to finer nuances of governance, well manifested in the papers on penal action by supervisors, learning from global bank failure and deft analysis of somewhat off-beat embedded finance options... All in all, IBFR is truly readers’ privilege and BFSI’s pride!\u003cbr\u003e\u003cstrong\u003eAtanu Kumar Das\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eDirector, Institute of Insurance and Risk Management (IIRM), Hyderabad; former Managing Director and CEO, Bank of India\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eI am pleased to see that NIBM has come out with its Annual Banking and Finance Report 2024. The issue carries well researched articles by the faculty... and the scholarship is quite evident. I am sure that the banking fraternity would immensely benefit from these well-articulated research papers. … I am particularly happy that the rich volume carries applied research papers on the emerging and critical issues like ESG, Dynamics of ECL, and Emerging Regulatory Issues… I strongly recommend it to be read by practitioners, policy makers and students.  \u003cbr\u003e\u003cstrong\u003eJustin C. McCarthy\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eChief Executive Officer, PRMIA (Professional Risk Managers’ International Association)\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eThe India Banking and Financial Report 2024 covers a range of issues—from macro economy to performance of the credit guarantee schemes for MSMEs, cross border liquidity, risk management and HR that are of current interest in BFSI sector. Besides this, the Report also is rich with information and data that are analysed and reviewed by three-layered expertise—the authors’ own insight, topped by expert reviews and a round table of another set of experts. The suggestions made after such rigorous analysis make the Report a must-read for all the stakeholders in the financial sector—policymakers and practitioners as well as academicians and students.\u003cbr\u003e\u003cstrong\u003eAlpana Killawala\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eAuthor and Adviser, Strategic Communi-cation; former Principal Adviser, Communication, RBI\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cem\u003e\u003c\/em\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003ch2\u003e\n\u003cem\u003e\u003c\/em\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cstrong\u003ePartha Ray\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis the Director of NIBM. His research interests lie in global macroeconomic issues and monetary and financial sector policies and institutions. \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cbr\u003e\u003cstrong\u003eArindam Bandyopadhyay\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor and Dean (Academic Programme) at NIBM. His areas of interest are risk management, Basel regulations, applied corporate finance and quantitative techniques.\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eSanjay Basu\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor and Editor of the NIBM flagship journal\u003cspan\u003e \u003c\/span\u003e\u003cem\u003ePrajnan\u003c\/em\u003e. His areas of interest are Bond Portfolio Management, Market Risk Management, Asset-Liability Management, Financial Crises, Applied Game Theory and Contract Theory.\u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eContributors\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eAlka Vaidya\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. Her areas of interest are Data Analytics, Digital Payments, Cyber Security and Applications of Blockchain in Banking.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eAnjan Roy\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor and Dean (Research and Consultancy) at NIBM. His areas of interest are Strategic Planning and Management and Banking Operations.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eAnjani Kumar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eSrivastava is General Manager and Regional-in-Charge, Pune Region, SIDBI.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eB Ashok\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis former Adjunct Faculty at NIBM. He also worked with Central Bank of India as General Manager, HR. He has held board level positions in Banks and Financial Institutions. His areas of interest are Human Resources Management and Leadership.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eDeepankar Roy\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. His research interests are in the domain of Digital Transformation, Digital Financial Services, FinTech and ICT Management.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eDipali Krishnakumar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. Her areas of interest are Earnings Manipulation, Ind AS\/IFRS, and Mergers and Acquisitions. \u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eDisha Patwa\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis an alumna of NIBM (PGDM 2022 – 24 batch). \u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eElizabeth James\u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eis Assistant Professor at NIBM. Her areas of interest are Corporate Finance, Corporate, MSME and Retail Credit Management and Financial Planning and Wealth Management.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eGargi Sanati\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. Her research interest includes international finance, credit risk and market risk analysis, financial forecasting and interbank dealing.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eHimadri Sikhar Pramanik\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis a Senior Consultant with Tata Consultancy Services.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eJiji Mathew\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Assistant Professor at NIBM. His areas of interest are Macroeconomics of Money, Banking and Financial Markets, Monetary Policy, Central Banking, International Finance.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eKaushik Mukerjee\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor and Dean (Training) at NIBM. His research interests are in the areas of corporate governance, strategic leadership, corporate and strategic marketing.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eKedar nath Mukherjee\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. His areas of interest are Financial Derivatives, Market Risk and Fixed Income Markets.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eM Manickaraj\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor and Editor, Vinimaya, at NIBM. His specialization is in the fields of equity markets, financing MSMEs and carbon finance.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eRajesh Ramakrishnan\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis an Adjunct Faculty at NIBM. He is a Chartered Accountant with specialization in Audit, Compliance and Trade Finance.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eRicha Verma Bajaj\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. She has teaching, research and consulting experience of fifteen years in the area of Risk Management.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eShomi Srivastava\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. His areas of specialization are Leadership, Human Resource Management, Discipline Management, Preventive Vigilance, Change Management and Organizational Development.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eShruti Nagar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Assistant Professor, National Insurance Academy, Pune.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eShyam Vansing Rathod\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis an alumnus of NIBM (PGDM 2022 – 24 batch).\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eSmita Roy Trivedi\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. Her research interests lie in international economics, central banking, foreign exchange market, macro prudential measures and technical analysis for markets.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eTarun Agarwal\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Ex-Director, National Insurance Academy, Pune.\u003cbr\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eTasneem Chherawala\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Associate Professor at NIBM. Her domain expertise is in the areas of risk modelling and management, Basel, IFRS, financial derivatives, project finance and structured finance, in which she conducts executive trainings and PGDM courses.\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cdiv\u003e\u003cem\u003eList of Tables and Figures\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003eList of Abbreviations\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003ePreface\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eI. Macroeconomy and Markets\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e1.\u003cspan\u003e \u003c\/span\u003eMacro-Financial Perspectives on Indian Economy\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eSanjay Basu | Tasneem Chherawala | \u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eJiji Mathew | Kedar nath Mukherjee | Smita Roy Trivedi  \u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e2.\u003cspan\u003e \u003c\/span\u003eImpact of Recent Developments on Debt Markets in India\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eKedar nath Mukherjee\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e3.\u003cspan\u003e \u003c\/span\u003eRetail Lending: Linkages, Interconnectedness, and Challenges\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eElizabeth James\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e4.\u003cspan\u003e \u003c\/span\u003eCredit Guarantee for MSMEs: Trends and Prospects\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eM. Manickaraj | Anjani Kumar Srivastava\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e5.\u003cspan\u003e \u003c\/span\u003eCross-border Liquidity Exposure of the Indian \u003c\/div\u003e\n\u003cdiv\u003eForex Swap Market: Is Decoupling Feasible?\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eGargi Sanati \u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e6.\u003cspan\u003e \u003c\/span\u003eAugmentation of Insurance Business in India: Role of Commercial Banks\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eShruti Nagar | M. Manickaraj | Tarun Agarwal\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eII. Risk Management in the Financial Sector\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e7.\u003cspan\u003e \u003c\/span\u003eOperational Risk: The Impact of ESG\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eRicha Verma Bajaj\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e8.\u003cspan\u003e \u003c\/span\u003eDynamics of Expected Credit Loss Provisioning by NBFCs\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eTasneem Chherawala | Dipali Krishnakumar\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e9.\u003cspan\u003e \u003c\/span\u003eEmerging Regulatory Contours after the Collapse of Silicon Valley Bank\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eDisha Patwa | Shyam Vansing Rathod | Sanjay Basu\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e10.\u003cspan\u003e \u003c\/span\u003eRole of Deposit Insurance in Indian Banking: \u003c\/div\u003e\n\u003cdiv\u003eCurrent Status and the Way Ahead\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003ePartha Ray \u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e11.\u003cspan\u003e \u003c\/span\u003eMonetary Penalties on Banks: Perspectives Towards Evolving a Scale-Based Approach\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eAnjan Roy\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eIII. Technology and Digitalization in Banking\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e12.\u003cspan\u003e \u003c\/span\u003eDigital Lending in India : Opportunities and Challenges\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eAlka Vaidya \u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e13.\u003cspan\u003e \u003c\/span\u003eDigitalization of Trade: Challenges for Banks in India\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eRajesh Ramakrishnan | Smita Roy Trivedi\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e14.\u003cspan\u003e \u003c\/span\u003eGlobal Emergence of Open Banking and \u003c\/div\u003e\n\u003cdiv\u003eEmbedded Finance: Explorations for India\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eDeepankar Roy | Himadri Sikhar Pramanik\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eIV. Strategy and HR\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e15.\u003cspan\u003e \u003c\/span\u003eCustomer Centricity, Digitalization, and Bank Performance\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eArindam Bandyopadhyay | Kaushik Mukerjee\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e16.\u003cspan\u003e \u003c\/span\u003eAddressing the Performance Binary: \u003c\/div\u003e\n\u003cdiv\u003eContinuous Feedback and New Ways of Working\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eB. Ashok | Shomi Srivastava\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e246\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e9789332706552\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Partha Ray (Ed.)‚ Arindam Bandyopadhyay (Ed.)‚ Sanjaya Baru (Ed.)","offers":[{"title":"Paperback \/ ENG- English \/ Banking","offer_id":50657677377857,"sku":null,"price":2595.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/India-Banking-and-Finance-Report-2024-_front.png?v=1756986862"},{"product_id":"tamil-nadu-human-development-report-2017-copy","title":"Macroeconomics of Central Banking in India","description":"\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eHow does a central bank interpret economic turbulence, frame policy responses, and steer an economy through uncertainty?\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eMacroeconomics of Central Banking in India: Issues and Evidence\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003eoffers a rare and authoritative insider’s view of contemporary central banking in one of the world’s most dynamic emerging economies. Drawing on deep professional experience, including his tenure as Deputy Governor, Reserve Bank of India, Dr Michael Debabrata Patra presents a compelling narrative of India’s macroeconomic evolution—from inflation management and financial stability to external sector dynamics and monetary policy transmission.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eBlending theory with lived policy experience, this volume examines how strategies are designed, debated, and deployed in real time against the backdrop of global upheavals and domestic transitions. The analytical essays illuminate the intellectual foundations of policymaking while revealing the practical challenges of balancing growth, stability, and credibility in a complex economy.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eIndispensable for policymakers, economists, financial market professionals, and students alike, this book stands as both a scholarly contribution and a practitioner’s handbook—illuminating the craft of central banking with clarity, authority, and real-world perspective.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e“This collection of essays from Dr Michael Debabrata Patra, a leading central banker of our times, presents a ringside, yet dispassionate, view of the intellectual edifice and praxis of Indian monetary policy. This is an ultimate go-to resource for the students and the experts of Indian monetary policy and macroeconomics.” \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003e—\u003cspan\u003e \u003c\/span\u003ePartha Ray\u003c\/strong\u003e \u003cspan\u003e \u003c\/span\u003e\u003cem\u003eDirector, National Institute of Bank Management, Pune\u003c\/em\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e“A masterpiece on evidence-based macroeconomics, that advances our understanding of how the Indian economy works and how policies are crafted and communicated to achieve the intended goals, during both crisis and normal times. A must-read to learn from one of the very best in our profession; preserve it to go back to when in doubt.”\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003e—\u003cspan\u003e \u003c\/span\u003eSitikantha Pattanaik\u003c\/strong\u003e   \u003cem\u003eChief Economist, National Bank for Agriculture and Rural Development (NABARD) and Former Executive Director, \u003c\/em\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eReserve Bank of India\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e“In this book, Michael Patra has lucidly examined—in a balanced way—various sides of complex macroeconomic policy issues of great relevance such as inflation, growth and the external sector and the role of the central bank in managing these important development issues. What is more, he arrives at clear conclusions and policy suggestions. This volume is a testimony to the excellence of his work, particularly at the RBI, and to the sincerity of his commitment to macroeconomic stability and development”.\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003e—\u003cspan\u003e \u003c\/span\u003eS. Mahendra Dev\u003c\/strong\u003e   \u003cem\u003eChairman, Economic Advisory Council to the \u003c\/em\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003ePrime Minister (EAC-PM); Former Director and Vice-Chancellor, \u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003eIndira Gandhi Institute of Development Research, Mumbai\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e“An excellent volume that presents complex monetary policymaking—especially during highly turbulent times—in a most simplistic and artistic way… and could have been done only by Dr Patra, one of the most respected central bankers of our times… the volume also gives an insider view of how pragmatic Reserve Bank of India was in successfully navigating the economy during a period of great uncertainty….this volume is a must read by researchers, public policymakers—and especially the critics of the RBI…” \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003e—\u003cspan\u003e \u003c\/span\u003eN.R. Bhanumurthy\u003c\/strong\u003e \u003cspan\u003e \u003c\/span\u003e\u003cem\u003eDirector, Madras School of Economics, Chennai\u003c\/em\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003e\u003cstrong\u003eMichael Debabrata Patra\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis an economist and a career central banker for four decades. He has worked in the International Monetary Fund as Senior Advisor during 2008-12. As Deputy Governor of the Reserve Bank of India (RBI) from 2020 to 2025, he has been responsible for monetary policy, financial markets, financial stability, economic and policy research, statistics and information management, international relations and corporate strategy, besides overall coordination. He has also been a founder member of the Monetary Policy Committee of the RBI, which is entrusted with monetary policy decision-making in India. Educated in the Utkal University, Bhubaneswar; the Indian Institute of Technology, Bombay; and Harvard University, he has served in leadership roles in a number of organisations such as Chairman of the Board of Directors of the Deposit Insurance and Credit Guarantee Corporation; member of the Boards of Directors of the National Bank for Agriculture and Rural Development (NABARD); and the Exim Bank. He has also served in a number of academic institutions in board-level positions such as the Indira Gandhi Institute of Development Research, Mumbai; the Centre for Advanced Financial Research and Learning, Mumbai; the National Institute of Bank Management, (NIBM) Pune; the Indian Institute of Bank Management (Chairman of the Governing Board), Guwahati; and the Bankers Institute of Rural Development, Lucknow. He is currently the Chairman of the Board of Governors, Institute of Economic Growth (IEG), Delhi.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cdiv\u003eAcknowledgements\u003c\/div\u003e\n\u003cdiv\u003eList of Tables and Charts\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eINTRODUCTION\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003eMacroeconomics of Central Banking in India: Issues and Evidence\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eSection I\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eThe Goals of Monetary Policy in India\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e1.\u003cspan\u003e \u003c\/span\u003eIs the Phillips Curve in India Dead,\u003cbr\u003e    Inert and Stirring to Life or Alive and Well?\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e2.\u003cspan\u003e \u003c\/span\u003eMonetary Policy:\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e    Confronting Supply-driven Inflation\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e3.\u003cspan\u003e \u003c\/span\u003eAnatomy of Inflation’s Ascent in India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e4.\u003cspan\u003e \u003c\/span\u003eRecent Regime Reversal in Inflation:\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003eThe Indian Experience\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e5.\u003cspan\u003e \u003c\/span\u003eAre Food Prices the ‘True’ \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003eCore of India’s Inflation?\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e6.\u003cspan\u003e \u003c\/span\u003eAre Food Prices Spilling Over?\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eSection II\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eThe Operating Procedure: Monetary Policy Transmission\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e7.\u003cspan\u003e \u003c\/span\u003eMonetary Policy Transmission in India: \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e    The Recent Experience\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e8.\u003cspan\u003e \u003c\/span\u003eRevisiting the Determinants \u003c\/div\u003e\n\u003cdiv\u003e    of the Term Premium in India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e9.\u003cspan\u003e \u003c\/span\u003eA Macroeconomic View of the Shape of \u003c\/div\u003e\n\u003cdiv\u003e   India’s Sovereign Yield Curve\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e10.\u003cspan\u003e \u003c\/span\u003eWhat is the Yield Curve \u003c\/div\u003e\n\u003cdiv\u003e      Telling Us About the Economy?\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eSection III\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eMonetary Policy Communication\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e11.\u003cspan\u003e \u003c\/span\u003eWhen Circumspection is the \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003eBetter Part of Communication\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e12.\u003cspan\u003e \u003c\/span\u003eMeasuring Monetary Policy Communication:\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003e\u003cspan\u003eThe Indian Experience\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eSection IV\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eMeasurement and Economic Modelling\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e13.\u003cspan\u003e \u003c\/span\u003eA Recalibrated Quarterly Projection \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003eModel (QPM 2.0) for India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e14.\u003cspan\u003e \u003c\/span\u003eA Prototype Dynamic Stochastic \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003eGeneral Equilibrium Model for India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e15.\u003cspan\u003e \u003c\/span\u003eMeasuring Supply Chain Pressures on India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e16.\u003cspan\u003e \u003c\/span\u003eMeasuring Uncertainty: An Indian Perspective\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e17.\u003cspan\u003e \u003c\/span\u003eThe Shape of Growth Compatible Fiscal Consolidation\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eSection V \u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eExternal Sector dynamics\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e18.\u003cspan\u003e \u003c\/span\u003eA Suite of Approaches for Estimating Equilibrium \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003eExchange Rates for India 1.0\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e19.\u003cspan\u003e \u003c\/span\u003eA Suite of Approaches for Estimating Equilibrium \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003eExchange Rates for India 2.0\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e20.\u003cspan\u003e \u003c\/span\u003eCapital Flows at Risk: India’s Experience\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e21.\u003cspan\u003e \u003c\/span\u003eGeopolitical Risk and Trade and Capital Flows to India\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e22.\u003cspan\u003e \u003c\/span\u003eForeign Exchange Intervention:\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e      \u003c\/span\u003e\u003cspan\u003eEfficacy and Trade-offs in the Indian Experience\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eIndex\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2026\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e538\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332707207\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Michael Debabrata Patra","offers":[{"title":"Hardcover \/ ENG- English \/ Economics","offer_id":51373360152897,"sku":null,"price":2995.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Macroeconomics_front.png?v=1770358107"},{"product_id":"digital-financial-inclusion-of-women-in-msmes-copy","title":"India Banking and Finance Report 2022","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003e\u003cspan\u003e\u003cem\u003eThe India Banking and Finance Report (IBFR) 2022\u003c\/em\u003e is a comprehensive anthology of articles on the domestic and global financial sector. The report covers a wide vista of important subjects, from recent macro-financial developments to green finance, model risk to people risk and CBDCs to loan melas. Each issue is addressed with cogent and incisive theoretical and data analysis. While the observations and recommendations are factual, the style is crisp, clear and simple. The report highlights the challenges and opportunities in the banking and financial sector in an integrated and turbulent world, necessary reforms and prudential measures to ensure sustainable growth and financial stability, as well as lessons for the future. Hopefully, IBFR 2022 will motivate informed discussions on the BFSI sector among practitioners, regulators and policymakers. \u003c\/span\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\u003cspan\u003eUnlike institutional reports, the India Banking and Finance Report 2022 blends unbiased and data-founded analysis that helps understand certain special features of India’s financial markets and provides insights into future course of actions required to address current or potential concerns. This is a very useful work for academics, practitioners and policymakers alike and, of course, the students of banking and finance.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eShri N.S. Vishwanathan\u003c\/strong\u003e \u003cem\u003eFormer Deputy Governor, Reserve Bank of India, and Senior Fellow, IIM Bangalore\u003c\/em\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003eThe articles cover a gamut of subjects from monetary policy, credit risk and human resource strategy to new-age opportunities like digital transformation. I am particularly happy that the report addresses emerging and critical topics like climate finance. I strongly recommend bankers to deliberate these well-researched papers and operationalise the same in their strategies. \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eShri B. Sambamurthy\u003c\/strong\u003e \u003cem\u003eFormerly: Chairman, Corporation Bank, Director, IDRBT, and Chairman, NPCI\u003c\/em\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003eThe papers bear the stamp of erudition and efforts put in by the respective authors. The findings and rich references would be of immense benefit to those who are engaged in policymaking and regulation as also to the practising bankers and academicians.  \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eShri B.V. Chaubal\u003c\/strong\u003e \u003cem\u003eChairman, CDSL, and Former Deputy Managing Director, State Bank of India\u003c\/em\u003e \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003eThe report provides a 360-degree view of the evolution of the banking system in India, the prudential policies of Indian banks, the challenges faced by them in an increasingly integrated world, and their efforts to be future-ready. Written in a lucid way, the IBFR is a must-read for everyone in academics and policy circles and anyone interested in the role of the banking system in the growth and development of a nation.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eProf. Subrata Sarkar\u003c\/strong\u003e \u003cem\u003eProfessor and Dean of Faculties, IGIDR, Mumbai \u003c\/em\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003eThe report is a useful compendium of thought-provoking articles on the state of India’s financial sector. In addition to the usual areas of markets and financial risk management, it focuses on two emerging issues - digital disruption and strategies for the financial sector in view of increasing competition and uncertainty. The report also includes discussions on \u003c\/span\u003e\u003cspan\u003enew areas like green finance and retail banking sentiment index.  \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eProf. Ashok Banerjee\u003c\/strong\u003e\u003cem\u003e Director, Indian Institute of Management Udaipur\u003c\/em\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003eThis volume is rich in insights about a wide range of current issues as well as emerging areas such as green finance and CBDCs, all backed by rigorous research. It deserves to be read by practitioners, policymakers and researchers.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e\u003cstrong\u003eDr. Niranjan Rajadhyaksha\u003c\/strong\u003e \u003cem\u003eExecutive Director, \u003c\/em\u003e\u003c\/span\u003e\u003cem\u003e\u003cspan\u003eArtha India Research Advisors\u003c\/span\u003e\u003c\/em\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cstrong\u003ePartha Ray\u003c\/strong\u003e\u003cspan\u003e is the Director of NIBM. His research interests lie in global macroeconomic issues, monetary and financial sector policies and institutions.\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eArindam Bandyopadhyay\u003c\/strong\u003e is Professor and Dean (Academic Programme) at NIBM. His areas of interest are Risk Management, Basel regulations, applied corporate finance and quantitative techniques.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eSanjay Basu\u003c\/strong\u003e is Professor at NIBM. He is the editor of NIBM journal PRAJNAN. His areas of interest are Bond Portfolio Management, Market Risk Management, Asset-Liability Management, Financial Crises, Applied Game Theory and Contract Theory.\u003c\/span\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eContributors\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eAlka Vaidya\u003c\/strong\u003e\u003cspan\u003e is Associate Professor at NIBM. Her areas of interest are Data Analytics, Digital Payments, Cyber Security and Applications of Blockchain in Banking.\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eAnjan Roy\u003c\/strong\u003e is Professor and Dean (Research and Consultancy) at NIBM. His areas of interest are Strategic Planning and Management and Banking Operations.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eB Ashok\u003c\/strong\u003e is adjunct faculty at NIBM. He is an experienced banker who, before joining the institute, worked with Central Bank of India as General Manager, HR. He has held board level positions in Banks and Financial Institutions. His areas of interest are Human Resources Management and Leadership.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eDeepankar Roy\u003c\/strong\u003e is Associate Professor at NIBM. His research interests are in the domain of Digital Transformation, Digital Financial Services, FinTech and ICT Management.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eElizabeth James\u003c\/strong\u003e is Assistant Professor at NIBM. Her areas of interest are Corporate Finance, Corporate, MSME and Retail Credit Management, and Financial Planning and Wealth Management.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eG Nagaraju\u003c\/strong\u003e is Associate Professor at NIBM. He is actively involved in teaching, training and research in the areas of foreign exchange markets, technical analysis for financial markets, monetary policy analysis, fixed income instruments and central bank functions.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eGargi Sanati\u003c\/strong\u003e is Associate Professor at NIBM. Her research interest includes international finance, credit risk and market risk analysis, financial forecasting and interbank dealing.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eJiji Mathew\u003c\/strong\u003e is Assistant Professor at NIBM. His areas of interest are Macroeconomics of Money, Banking and Financial Markets, Monetary Policy, Central Banking, International Finance.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eKaushik Mukerjee\u003c\/strong\u003e is Professor and Dean (Training) at NIBM. His research interests are in the areas of corporate governance, strategic leadership, corporate and strategic marketing.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eKedar nath Mukherjee\u003c\/strong\u003e is Associate Professor at NIBM. His areas of interest are Financial Derivatives, Market Risk and Fixed Income Markets.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eM Manickaraj\u003c\/strong\u003e is Associate Professor and Editor, Vinimaya, at NIBM. His specialization is in the fields of equity markets, Financing MSMEs and carbon finance.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eNaveen Kumar K\u003c\/strong\u003e is Associate Professor at NIBM. His research interests are in the areas of Development Economics, Applied Finance, Agricultural Economics, New Technologies in Banking and Finance.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eRicha Verma Bajaj\u003c\/strong\u003e is Assistant Professor at NIBM. She has teaching, research and consulting experience of fifteen years in the area of Risk Management.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eSarita Bhatnagar\u003c\/strong\u003e is Assistant Professor at NIBM. Her areas of interest are Marketing of Financial Services, Customer Relationship Management, Digital Marketing, Strategies for MSME Business and Ethics in Banking.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eShomi Srivastava\u003c\/strong\u003e is Associate Professor at NIBM. His areas of specialization are Leadership, Human Resource Management, Discipline Management, Preventive Vigilance, Change Management and Organizational Development.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eSmita Roy Trivedi\u003c\/strong\u003e is Associate Professor at NIBM. Her research interests lie in international economics, central banking, foreign exchange market, macro prudential measures and technical analysis for markets.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eSunil Kulkarni\u003c\/strong\u003e is the CEO of Business Correspondents Federation of India (BCFI), a member institution with over 60 Corporate BCs servicing 30 Lakh BC Agents across India. As a Fintech Professional, he provides strategic advisory services in Fintech \u0026amp; Payments to start-ups, He has over 35 years of cross-industry experience in technology-led businesses.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cstrong\u003eTasneem Chherawala\u003c\/strong\u003e is Associate Professor at NIBM. Her domain expertise is in the areas of risk modelling and management, Basel, IFRS, financial derivatives, project finance and structured finance, in which she conducts executive trainings and PGDM courses.\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003ch2\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003ch2\u003eContents in Detail\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003eList of Tables and Figures\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003eList of Abbreviations\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003ePreface\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eI. Macroeconomy and Markets\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e1. Macro-Financial Perspectives on the Indian Economy\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e    \u003cstrong\u003eG. Nagaraju | Jiji Mathew\u003c\/strong\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e2. Impact of Monetary Policy Signals on Fixed Income Markets in India\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eKedar nath Mukherjee\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e3. Retail Banking Sentiment Index\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eElizabeth James | Smita Roy Trivedi\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e4. INR Settlements in the Era of Friend-shoring\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eGargi Sanati\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eII. Risk Management in Financial Sector\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e5. Mergers and Systemic Risks of Large Banks in India\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eAnjan Roy\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e6. Operational Risk Management: Principles, Practice \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cspan\u003eand Preparedness among Indian Banks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eRicha Verma Bajaj\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e7. Model Risk Management in Credit Risk Models\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eTasneem Chherewala\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e8. Determinants of Systemic Risk of NBFCs\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eSanjay Basu\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e9. Green Finance Market in India: Trends, Status and \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e    \u003cspan\u003ePotential for Bank Lending\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e    \u003cstrong\u003e\u003cspan\u003eArindam Bandyopadhyay | Anjan Roy | M. Manickaraj\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eIII. Digital Technology in Financial Sector\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e10. Central Bank Digital Currencies: Can it Have a Role in Enhancing \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e      \u003cspan\u003eFinancial Inclusion?\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eDeepankar Roy | Partha Ray\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e11. Emerging Technologies and Cybersecurity\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eAlka Vaidya\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e12.  Advancing Digital Financial Inclusion by Leveraging Business \u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cspan\u003eCorrespondent Model: Policies and Strategies\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eNaveen Kumar | M. Manickaraj | Sunil Kulkarni\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003e\u003cspan\u003eIV. HR and Strategy\u003c\/span\u003e\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e13. Towards a Socio-Behavioural Model of People Risk Management in Banks\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eB. Ashok | Shomi Srivastava\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e14. Impact of Business Strategy on Bank Profitability\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eKaushik Mukerjee | Arindam Bandyopadhyay\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e15. Revisiting ‘Loan Melas’: Qualitative Study and\u003cbr\u003e      \u003c\/span\u003e\u003cspan\u003eAnalysis of Practice in Credit Marketing\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cspan\u003e    \u003c\/span\u003e\u003cspan\u003e  \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eSarita Bhatnagar | Anjan Roy\u003c\/span\u003e\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003eAnnexures\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cem\u003e\u003cspan\u003eAbout the Contributors\u003c\/span\u003e\u003c\/em\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cbr\u003e\n\u003c\/h2\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2023\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e236\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332706224\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Partha Ray (Ed.)‚ Arindam Bandyopadhyay (Ed.)‚ Sanjay Basu (Ed.)","offers":[{"title":"Paperback \/ ENG- English \/ Banking","offer_id":51373592576321,"sku":null,"price":2495.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Indiabamking2022_front.png?v=1770360684"},{"product_id":"understanding-global-economic-change-copy","title":"Risk Management in Banking, Insurance and Financial Services","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003eGiving strategic direction to a business corporation means understanding what drives the creation of value and what destroys it. The corporation needs to understand the risks which it can take and the risks which it should avoid. Hence, to grow any business entails risk judgement and risk acceptance. A corporation’s ability to prosper in the face of risk, at the same time responding to unplanned events, good or bad, is a prime indicator of its ability to compete. In the recent times, risk exposure is becoming greater, more complex, diverse and dynamic. This has arisen in no small part from rapid changes in technology, speed of communication, globalisation of business and the rate of change within markets. In view of this, the book contains articles related to risk management in banking, insurance, financial services and other allied areas. It develops and enhances expertise and understanding of various risks faced by the banking, insurance and financial services sector. Further, it examines the mechanism of designing and usage of various specific risk mitigating options and strategies available. The book also discusses the necessary framework, approach and process of enterprise risk management.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eR.K. Mishra\u003c\/strong\u003e, Sr. Professor and Director, Institute of Public Enterprise (IPE), Hyderabad, is a graduate from the International Management Programme, SDA Bocconi, Milan, Italy, and a fellow of the British Council and the Commonwealth Secretariat. His current areas of interest include: performance management, corporate finance, corporate governance, restructuring, economic reforms, social sector management and good governance. He has prolifically published many articles and books, and conducted several training programmes in these areas.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eInder Sekhar Yadav\u003c\/strong\u003e, Assistant Professor, IPE, Hyderabad, holds a Masters, MPhil and  PhD degree in Economics from University of Hyderabad. His teaching and research interests include: financial risk management, banking, macroeconomics and industrial economics. He has published several articles in reputed national and international journals. He has also presented research papers in several national and international conferences.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eA. Pawan Kumar\u003c\/strong\u003e, Assistant Professor, IPE, Hyderabad, holds Masters in Commerce and has PhD degree in Economics from University of Hyderabad. His research interests include international business and international financial management. He has published several articles in reputed national and international journals. He has also presented his work in several national and international conferences.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSwayam Prava Mishra\u003c\/strong\u003e, Assistant Professor, IPE, Hyderabad, holds a Masters and PhD degree in Economics from University of Hyderabad. She specialises in financial economics, macroeconomics, econometrics and time series. She has publications in international and national journals and has also presented papers in several national and international conferences. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eJ. Kiranmai\u003c\/strong\u003e, Assistant Professor, IPE, Hyderabad, holds Masters in Commerce and an MPhil in Management. She specialises in the areas of accounting and finance. Her areas of interest include corporate governance, public enterprise management and restructuring. She has undertaken many research and consultancy assignments apart from organising management development programmes at the institute. She has attended and presented research papers in national and international conferences, and published in many national and international journals.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eContributors\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eDebashis Acharya\u003c\/strong\u003e, Associate Professor, School of Economics, University of Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eShardul Admane\u003c\/strong\u003e, Sr. Assistant Director, Insurance Regulatory and Development Authority, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRuchi Agarwal\u003c\/strong\u003e, Doctoral Fellow, University of Edinburgh Business School, Edinburgh, United Kingdom.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eJake Ansell\u003c\/strong\u003e, Professor, University of Edinburgh Business School, Edinburgh, United Kingdom.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eKarthik Athelli\u003c\/strong\u003e, Student, IBS (Indian School of Business) Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eMohammed Kasim C.\u003c\/strong\u003e, Assistant Professor, Department of Economics, Farook College, Kozhikode, Kerala, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eBiswajit Chakraborty\u003c\/strong\u003e, Doctoral Fellow, Department of Computer Applications, Techno India College of Technology (TICT), Kolkata, West Bengal, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePhanindra Goyari\u003c\/strong\u003e, Associate Professor, School of Economics, University of Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eNitin Hande\u003c\/strong\u003e, Doctoral Fellow, Department of Economics, Swami Ramanand Teerth Marathwada (SRTM) University, Nanded, Maharashtra, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR. Hariharan\u003c\/strong\u003e, Doctoral Fellow, Department of Banking Technology, Pondicherry University, Puducherry, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV. Jayalakshmi\u003c\/strong\u003e, Assistant Professor, Siva Sivani Institute of Management, Secunderabad, Andhra Pradesh, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePratap Kumar Jena\u003c\/strong\u003e, Doctoral Fellow, School of Economics, University of Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAathira K.\u003c\/strong\u003e, Doctoral Fellow, Department of Commerce, University of Madras, Tamil Nadu, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eA.S. Kalyana Kumar\u003c\/strong\u003e, Assistant Professor, Institute of Public Enterprise, Osmania University Campus, Hyderabad, Andhra Pradesh, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR.V. Kulkarni\u003c\/strong\u003e, Head, Department of Computer Studies, Chhatrapati Shahu Institute of Business Education \u0026amp; Research (CSIBER), Kolhapur, Maharashtra, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eM.A. Lagesh\u003c\/strong\u003e, Doctoral Fellow, School of Economics, University of Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePardhasaradhi Madasu\u003c\/strong\u003e, Associate Professor, Siva Sivani Institute of Management, Secunderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLaila Memdani\u003c\/strong\u003e, Faculty, IBS Hyderabad, Hyderabad, Andhra Pradesh, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAmit B. Mirji\u003c\/strong\u003e, Lecturer, Department of Management, Institute of Excellence in Management Science, Hubli, Karnataka, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eTuhin Mukherjee\u003c\/strong\u003e, Assistant Professor, Department of Business Administration, University of Kalyani, Kalyani, West Bengal, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eS. Sudalai Muthu\u003c\/strong\u003e, Associate Professor, Department of Banking Technology, Pondicherry University, Puducherry, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eKesseven Padachi\u003c\/strong\u003e, Associate Professor, Department of Accounting and Finance, University of Technology, Mauritius. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eM. Padmavathi\u003c\/strong\u003e, Assistant Professor, School of Management, Sri Krishna College of Technology, Coimbatore, Tamil Nadu, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSavita S. Patil\u003c\/strong\u003e, Assistant Manager, State Bank of India, Bijapur, Karnataka, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eP.S. Subha Prada\u003c\/strong\u003e, Doctoral Fellow, School of Management Studies, University of Hyderabad, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSudha Rajagopal\u003c\/strong\u003e, Doctoral Fellow, Jain University, Bangalore, Karnataka, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVanarase Shilpa Satish\u003c\/strong\u003e, Assistant, Defence Institute of Advanced Technology, Pune, Maharashtra, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR. Shanthi\u003c\/strong\u003e, Assistant Professor, Department of Commerce, University of Madras, Tamil Nadu, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eD.K. Sreekantha\u003c\/strong\u003e, Coordinator, PG Department of Computer Science, Basaveshwar Science College, Bagalkot, Karnataka, India. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePadma Srinivasan\u003c\/strong\u003e, Professor, R.V. Institute of Management, Bengaluru, Karnataka, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVikas Srivastava\u003c\/strong\u003e, Associate Professor and Chairperson (Post Graduate Programme for Executives; PGPEX), Indian Institute of Management (IIM) Ranchi, Ranchi, Jharkhand, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThirumalvalavan\u003c\/strong\u003e, Professor, Bharathiar School of Management and Entrepreneur Development, Bharathiar University, Coimbatore, Tamil Nadu, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVeenapani\u003c\/strong\u003e, Faculty, Department of Management, Sarojini Naidu Vanita Mahavidyalaya, Hyderabad, Andhra Pradesh, India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePolodoo Virendra\u003c\/strong\u003e, Researcher, IFS School of Finance, University of Mauritius, Mauritius.\u003c\/p\u003e\n\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003ch2 class=\"more\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp class=\"p1\"\u003eList of Tables, Figures and Annexures\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAbout the Editors\/Contributors\u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePreface\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAcknowledgements\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection I \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eEnterprise Risk Management\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e1.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEnterprise Risk Management:\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eThe Approach, Framework and Process\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eR.K. Mishra and Inder Sekhar Yadav\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e2.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAdvances in Credit Risk Management\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eR.K. Mishra and Swayam Prava Mishra\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection II \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eRisk Management in Banks\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e3.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eProject Finance and Risk Management \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ein Infrastructure Financing by Indian Banks\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eVikas Srivastava\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e4.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBoard Size, Composition and\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eits Impact on the Performance of ICICI Bank\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eS. Sudalai Muthu and R. Hariharan\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e5.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRisk Management System in Banking\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eP.S. Subha Prada\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e6.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eOperational Risk in Dynamic Banking Industry\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAathira K. and R. Shanthi\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e7.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRisk Management in the Microfinance Sector\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eVeenapani\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e8.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBasel Risk Based Capital Requirements and Banks’\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBehaviour: A Simultaneous Equation Modelling\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003efrom Mauritius\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003ePolodoo Virendra and Kesseven Padachi\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection III \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eRisk Management and Insurance Industry\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e9.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eA Conceptual Study on Insurers Changing Preference\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eTowards Principle-Based Solvency Assessment Models\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eV. Jayalakshmi and Pardhasaradhi Madasu\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e10.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRisk Management and Enterprise Risk Management (ERM)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ePractices for Non-life Insurance Companies\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eRuchi Agarwal and Jake Ansell\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e11.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eWho Needs Life Insurance the Most?\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eNitin Hande\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e12.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eDynamic, Evolving Reinsurance: A Relook at Risk\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eManagement Measures in the Indian Reinsurance Sector\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eSudha Rajagopal and Padma Srinivasan\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e13.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eInsurance Industry in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eShardul Admane\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection IV \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eRisk Management and Hedging\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e14.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eDynamic Relationships between Stock Market,\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCrude Oil and Gold Futures Markets:\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAn Empirical Analysis of India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003ePratap Kumar Jena, Phanindra Goyari\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eand Debashis Acharya\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e15.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAn Analysis of the Dynamic Conditional Return\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCorrelations between Commodity Futures Indices and\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eTraditional Asset Markets in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eM.A. Lagesh and Mohammed Kasim C.\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e16.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRisk in Black Scholes Option Pricing Model\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eTuhin Mukherjee and Biswajit Chakraborty\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e17.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eA Study of Various Hedging Instruments:\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAn Overview of Corporate Hedging in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAmit B. Mirji\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e18.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eThe Hedging Scenario in Micro, Small and\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eMedium Enterprises (MSMEs)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLaila Memdani and Karthik Athelli\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection V \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eNon-Financial Institutions and Risk Management\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e19.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eA Study on Risks Faced by Non-Financial Corporations\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ein Tamil Nadu\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThirumalvalavan and M. Padmavathi\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e20.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eInformation Technology Risks and Challenges\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eA.S. Kalyana Kumar\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e21.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eM-Wallet: An Innovative Electronic Payment System\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eSavita S. Patil\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e22.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eHospitality Industry Credit Risk Evaluation\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eExpert System\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eD.K. Sreekantha and R.V. Kulkarni\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e23.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAn Overview of Project Risk Management\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eVanarase Shilpa Satish\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100%; height: 78.3752px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2014\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e396\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332701397\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"J. Kiranmai (Eds.)","offers":[{"title":"Hardcover \/ ENG- English \/ Marketing","offer_id":51393120665921,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Riskmanagement_front.png?v=1770979808"},{"product_id":"risk-management-in-banking-insurance-and-financial-services-copy","title":"Central Banking for Emerging Market Economies(2nd Edition)","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cbr\u003eThis version of the book\u003cspan\u003e \u003c\/span\u003e\u003cem\u003eCentral Banking for Emerging Market Economies\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003ewhich first appeared in 2003 (Academic Foundation, New Delhi) is an update as also contextual.  The global economic and financial crisis that emerged in 2007-08 and remains unresolved on a sustainable basis as of the third quarter of 2013, has led to questions about the relevance of central banks and in particular about the effectiveness of monetary policies in addressing the challenges. The integration of real and financial economies of the world has given a veneer of respectability  to these questions. The crisis first engulfed the US and other advanced economies and subsequently impacted most emerging and developing economies in different degrees.  \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eThis contextual update shows that central banks continue to be relevant and essential for sound functioning of economies. Central banks require to pursue traditional functions relating to currency and payment systems and to being banker to the government and to banks as vigorously as before the crisis. They also need to adopt an oriented approach towards the pursuit of monetary policy for growth, inflation control and financial stability. The orientation has to do with monetary governance in a broad sense, a point that is best echoed in the author’s companion book:\u003cspan\u003e \u003c\/span\u003e\u003cem\u003eMonetary Governance in Search  of New Space\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e(2012, Academic Foundation). Central banking in its essence continues to be the art of the possible.     \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cbr\u003ePraise for the First Edition\u003c\/p\u003e\n\u003cp\u003e“This book is undoubtedly a work of encyclopædic proportions, which only a master of the subject will dare to undertake.  ...Vasudevan's tantalising voyage through the theory and practice of central banking is a path-breaking and salutary effort. It deserves to be a manual for the modern central banker and those outside who wish to unravel the traditional mystique of monetary or economic policies....”\u003cbr\u003e\u003cstrong\u003e— A.S. Jayawardena Governor\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    \u003c\/strong\u003eCentral Bank of Sri Lanka (an excerpt from the Foreword)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Excellent piece of work  ...Your vast erudition on the subject of central banking and monetary issues is clearly evident in this book. The book should be a required reading for central bankers and indeed for all those interested in studying issues of monetary management  and financial stability...”\u003cbr\u003e\u003cstrong\u003e— M. Narasimham\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e   \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“In the preface, Vasudevan says modestly that his book is intended to be a reference volume for advanced students in universities and officer staff of central bank, especially in what he calls the emerging market economies (EMEs). He has, in fact, done much more, and with consummate skill. Virtually all aspects of central banking are covered in this book so systematically and fairly that it may well turn out to be an indispensable guide-book for both advisers and policymakers in monetary authorities as well as finance ministries...”\u003cbr\u003e\u003cstrong\u003e— Economic and Political Weekly (EPW)\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e   \u003c\/strong\u003eBook Reviewed by Dr. K.S. Krishnaswami,\u003c\/p\u003e\n\u003cp\u003e   Ex-Dy. Governor, Reserve Bank of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Dr. A. Vasudevan has rendered a signal service to all those interested in economic and financial development by writing this comprehensive book. While admittedly, the work is a well-conceived attempt at presenting a reference book for advanced students, it has turned out to be a cross between a textbook and an encyclopaedic reference book. ...The book includes a comprehensive and competent summary of East Asian crisis and the need for a new global financial architecture. ...Dr. Vasudevan’s book opens a window on what goes on— and what should go on—in the corridors of central banks.”\u003cbr\u003e\u003cstrong\u003e— Business Line\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e   \u003c\/strong\u003e(Book reviewed by Dr. S. Venkitaramanan,\u003c\/p\u003e\n\u003cp\u003e   former Governor, Reserve Bank of India)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“This book is a comprehensive analysis of modern central banking and brings into focus the changing role and content of central banking over the last two decades...”  \u003cbr\u003e\u003cstrong\u003e— The Hindu \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e  \u003c\/strong\u003e(Book reviewed by Dr. T.K. Velayudham, former Principal,\u003c\/p\u003e\n\u003cp\u003e  Bankers’ Training College, Mumbai)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“ ‘...Central banking for such economies [EMEs] has to be dynamic and interactive.’ It is this thought that made him write a work of encyclopaedic proportions—which only someone like Vasudevan could do.”\u003cbr\u003e\u003cstrong\u003e— Business Standard\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e   \u003c\/strong\u003e(Book reviewed by Dr. K.V. Krishnamurthy,\u003c\/p\u003e\n\u003cp\u003e   CMD, Bank of India)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“The information provided and the examples illustrated in the book will be very educative and useful for the professionals, academicians and the students associated with finance and banking. Further, I will recommend the book in particular for the executives of central banks of developing countries”  \u003cbr\u003e\u003cstrong\u003e— Bank Quest\u003c\/strong\u003e—The Journal of Indian Institute of Bankers\u003cbr\u003e    Book Reviewed by Dr. Amitabha Ghosh (former Dy. Governor,\u003c\/p\u003e\n\u003cp\u003e    Reserve Bank of India)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eAsuri Vasudevan\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eretired as Executive Director  in charge of economic research, monetary policy, statistics and information technology, Reserve Bank of India in 2000. He was associated with the Central Bank of Nigeria as Special Adviser to Governor on Monetary Policy (2010-12) and as Monetary Operations Adviser on an IMF assignment between 2006 and 2009. His book, Monetary Governance in Search of New Space was published in 2012 (Academic Foundation, New Delhi). He worked as Adviser to the Executive Director for India, IMF (1984-89) at Washington DC and was a member of the Task Forces relating to International Standards and Codes set up by the Financial Stability Forum, Basle (2000). He was member of India Delegations to the IMF-World Bank meetings (1984-89) and between 1993 and 2000. The author was also G-20 Central Bank Deputy in 1999 and 2000. Currently he is working on issues relating to economic and financial policies.    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ch2 class=\"p1\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cp class=\"p1\"\u003eForeword to the Original Edition\u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePreface to the Updated Edition\u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePreface to the Original Edition\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection I: Introduction\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e1.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eIntroduction\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Questions about the Importance of Central Banking\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Main Events Leading and Relating to the Crisis\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Focus of the Book\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection II: The Traditional Areas of Activity of Central Banks\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e2.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCurrency and Payment System\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Issuance of Currency\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Could there be a Currency Board Instead of a Central Bank?\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Payment System Services\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Electronic Money\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 2.1: Real Time Gross Settlements\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e3.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBanker to Government\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Maintenance of Government Accounts\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Domestic Debt Management\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Conflict of Interests: Debt Management and Monetary Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Sovereign Bond Issues Abroad\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 3.1: Types of Auctioning\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 3.2: On the ‘Crowding Out’\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 3.3: Ad hoc Treasury Bills: The Indian Experience\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e4.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBanker to Banks\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• The Essential Tasks and the LoLR Function\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e   - Bank Restructuring\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e   - Competition in Banking\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Areas where Commercial Banks are and could be of Help\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 4.1: Theoretical Perspectives on Adverse Selection\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection III: The Shining Star of Central Banking\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e5.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eMonetary Policy Making\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Objectives of Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Pursuit of Price Stability as the Sole Objective\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Reconciling Dual Objectives through a Policy Rule\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Taylor Rule\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Case for Rules as Against Discretion\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Case for Discretion in Normal Times and in Times of Stress\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Indicators of Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Lags in Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Instruments of Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Transmission Mechanism of Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Uncertainties Due to Lags\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e  - Operating Procedures of Monetary Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e  - Institutional Arrangements for Monetary Policy Making\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Transparency of Policies and Practices\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.1: Liquidity Adjustment Facility in India\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.2: Bank Reserves, Reserve Money, Money Supply and Money Multiplier\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.3: Payments Systems and Monetary Policy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.4: The Yield Curve\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.5: The Corridor of Interest Rates\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 5.6: Liquidity Forecasting in Central Banks: Illustrative Template\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eSection IV: The New Concerns\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e6.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFinancial Stability\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Financial Stability in the Context of Financial Development\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• The Early Warning Signals and Hedging Mechanisms\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Liquidity Forecasts\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e•  Illiquidity versus Insolvency and the Globalisation of the Crisis\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Prudential Regulation and Supervision of Banks\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Initiatives in Evolving Standards and Codes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Basle II and Basle III\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Macro-prudential Policies for Systemic Stability\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Prudential Supervision by Central Banks and\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e Other Agencies or by a Superbody?\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• International Dimensions of Financial Stability Issues\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 6.1 : Early Warning Signals of Crisis\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 6.2 : Risk Management in Banks\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 6.3 : The Basle Principles for Effective Banking Supervision\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBox 6.4 : Key International Standards and Codes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e7.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eAutonomy and Organisation Issues\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e• Issues in Autonomy and Independence of Central Bank\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Should Decision-Making Processes be Left out of Central Banks?\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Independence, Accountability and Central Bank Governance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e• Independence in the Context of the Implementation of\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e International Standards\/Codes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e8.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eConclusions\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAttachment 1 :\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003ci\u003e          The Asian Economic Crisis of the 1990s\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAttachment 2 :\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003ci\u003e          The Global Financial Crisis of 2007-08: Major Events\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eSelect References\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSubject Index\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2014\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e276\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332700970\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"A. Vasudevan","offers":[{"title":"Hardcover \/ ENG- English \/ Banking","offer_id":51393159856449,"sku":null,"price":995.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Cerntralbanking_front.png?v=1770981045"},{"product_id":"english-in-india-issues-problems-copy","title":"India's Banking \u0026 Finance Sector in the New Millennium, Volume - 1 \u0026 2","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003eA galaxy of eminent economists and financial experts including top bankers, have authored brilliant writings which appear as various chapters of these two volumes – that together present, crisp and authoritative overview of some of the latest and the most challenging issues...\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eRAJ KAPILA :\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003eRaj Kapila is the Director and Chief Editor of Academic Foundation, Delhi. He has written extensively and is also the author of the following publications: The Story of Industrialisation: Industries the World Over (1962), The Time Demands: A Politico-Economic Analysis of Present-day India (1966), India at Cross : After 25 years of Independence (1972). He co-edited with Dr. Uma Kapila, a six volume study entitled Understanding India’s Economic Reforms (AF, 1996). This was very well received and consequently led to the evolution of the concept of ‘‘Monthly Updates’’ on Indian Economy that eventually took the form of the present EDI series. Together, they have also edited Banking and Financial Sector Reforms in India (6 vols., 1998) and subsequently: Ongoing Developments in Banking and Financial Sector in India (4 vols., AF, 2000). Most recently, they have co-edited a book: India's Economy in the 21st Century (Academic Foundation, 2001) --- a collection of select articles by eminent economists.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e                \u003cbr\u003e\u003cstrong\u003eUMA KAPILA :\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003eUma Kapila is Reader in the Department of Economics, Miranda House, University of Delhi. She has been a keen student of current Indian economic problems and has been teaching this subject to undergraduate and post-graduate students for the last forty years.\u003cbr\u003eAs a teacher-fellow at the Centre for Advanced Studies, Delhi School of Economics (1976-79), Mrs. Kapila completed her Ph.D. on \"Oilseeds Economy of India.\" She has also served on the Planning Commission Study Group on \"Agricultural Strategies in the Eastern Region of India for the Seventh Five Year Plan\" (Perspective Planning Division).\u003cbr\u003eDr. (Mrs.) Uma Kapila is the author of the book Oilseeds Economy of India (1982) published by the Institute of Economic Growth under their series \"Studies in Economic Development and Planning.\" She is the editor of the widely read book entitled Indian Economy Since Independence, currently into its eleventh edition. Dr. Uma Kapila has, to her credit, well known textbooks on Indian economy that have been designed speci-ally keeping in mind the interests of university students. She is also the co-editor (along with Mr. Raj Kapila), of a number of publications mentioned earlier, that are focussed on current developments in Indian economy, banking \u0026amp; finance.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cbr\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cstrong\u003eVOLUME -1\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e1.Introduction\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e        \u003cbr\u003e2.Macro-Economic and Monetary Developments in 2000-2001\u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003e                 \u003cbr\u003e3.Central Banking Independence        \u003cbr\u003e\u003cstrong\u003e    BIMAL JALAN        \u003cbr\u003e   \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eGovernor, Reserve Bank of India, Mumbai.\u003cbr\u003e      \u003c\/p\u003e\n\u003cp\u003e \u003cbr\u003e                  \u003cbr\u003e4.Central Banking in the New Millennium        \u003cbr\u003e    \u003cstrong\u003eY.V. REDDY        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eDy. Governor, Reserve Bank of India, Mumbai.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e             \u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003e5.Whither Central Banking ?        \u003cbr\u003e\u003cstrong\u003e    CHARLES A.E. GOODHART        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e Professor of Banking \u0026amp; Finance, London\u003cbr\u003e     School of Economics, London, U.K.  \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003e   \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e6.Central Banking : Policy Issues at the Frontiers        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eS.S. TARAPORE        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eEx-Dy. Governor, Reserve Bank of India, Mumbai. \u003cstrong\u003e       \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e7.Targets, Instruments and Institutional Arrangements for\u003cbr\u003e   an Effective Monetary Authority        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eWILLEM H. BUITER        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eChief Economist, European Bank for Reconstruction\u003c\/p\u003e\n\u003cp\u003e    \u0026amp; Development \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      ANNE C. SIBERT \u003c\/strong\u003e       \u003cbr\u003e      Professor of Economics, Birkbeck College, University of London.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e8.Monetary Policy Today, Tomorrow and the Day After        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eS.S. TARAPORE        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eEx-Dy. Governor, Reserve Bank of India, Mumbai.\u003cstrong\u003e  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e9.Challenges for Monetary Policymakers         \u003cbr\u003e    \u003cstrong\u003eALAN GREENSPAN        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eChairman, Board of Governors, US Federal\u003c\/p\u003e\n\u003cp\u003e     Reserve System        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e10.Monetary and Credit Policy 2001-2002         \u003cbr\u003e     \u003cstrong\u003eSTATEMENT BY BIMAL JALAN        \u003cbr\u003e     \u003c\/strong\u003eGovernor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e11.Financial Stability and the Role of Banks        \u003cbr\u003e     \u003cstrong\u003eS.P. TALWAR        \u003cbr\u003e     \u003c\/strong\u003eDy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e12.Financial Stability : A Survey of the Indian Experience        \u003cbr\u003e     \u003cstrong\u003eMICHAEL DEBABRATA PATRA        \u003cbr\u003e     \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eDirector, Deptt. of Economic Analysis \u0026amp; Policy,\u003cbr\u003e      Reserve Bank of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e      SUNANDO ROY  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003e      Asstt. Advisor, Internal Debt Management Cell,\u003cbr\u003e      Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e13.Reinforcing Financial Stability\u003cbr\u003e        \u003cbr\u003e                        \u003cbr\u003e14.Financial Stability in the light of Online-Banking\u003cbr\u003e     and E-Commerce        \u003cbr\u003e     \u003cstrong\u003eANDREW CROCKETT        \u003cbr\u003e     \u003c\/strong\u003eGeneral Manager, Bank for International Settlement,\u003cbr\u003e     Geneva, Switzerland;\u003cbr\u003e     Chairman, Financial Stability Forum,\u003cbr\u003e     Centre for Financial Studies ,\u003cbr\u003e     Johann Wolfgang Goethe University.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e                 \u003cbr\u003e15.Capital Adequacy Requirements : An Analytical and Empirical Study        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003e D.M. NACHANE ET AL        \u003cbr\u003e     \u003c\/strong\u003eProf., Deptt. of Economics, University of Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e16.Public Sector Banks : The Core Issues        \u003cbr\u003e\u003cstrong\u003e     N.A. MUJUMDAR        \u003cbr\u003e     \u003c\/strong\u003eEx-Principal Advisor, Reserve Bank of India.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e17.Universal Banking and Beyond        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003e Y.V. REDDY        \u003cbr\u003e     \u003c\/strong\u003eDy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e18.Urban Cooperative Banks : Problems and Prospects        \u003cbr\u003e     \u003cstrong\u003eJAGDISH CAPOOR        \u003cbr\u003e     \u003c\/strong\u003eDy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e19.Future of Rural Banking        \u003cbr\u003e     \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eY.V. REDDY        \u003cbr\u003e     \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003eDy. Governor, Reserve Bank of India, Mumbai.\u003cbr\u003e        \u003cbr\u003e      \u003c\/p\u003e\n\u003cp\u003e           \u003cbr\u003e20.Corporate Governance in Banking and Finance        \u003cbr\u003e     \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eS.P. TALWAR        \u003cbr\u003e     \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eDy. Governor, Reserve Bank of India, Mumbai.        \u003cbr\u003e                 \u003cbr\u003e     \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eVOLUME -2\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e                   \u003cbr\u003e1.Financial Market Structure in India.\u003c\/p\u003e\n\u003cp\u003e     \u003c\/p\u003e\n\u003cp\u003e   \u003cbr\u003e                 \u003cbr\u003e2.Current Developments in Money and Government Securities Market        \u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eP.R. Gopala Rao \u003c\/strong\u003e       \u003cbr\u003e    Executive Director, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e                \u003cbr\u003e3.Managing Public Debt and Promoting Debt Markets in India        \u003cbr\u003e    \u003cstrong\u003eY.V. REDDY        \u003c\/strong\u003e\u003cbr\u003e    Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e                     \u003cbr\u003e4.Ingredients for a Sound Development of the Debt Market        \u003cbr\u003e\u003cstrong\u003e   S.S. TARAPORE        \u003c\/strong\u003e\u003cbr\u003e   Ex-Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e                     \u003cbr\u003e5.Developing Government Securities Markets        \u003cbr\u003e\u003cstrong\u003e   Y.V. REDDY      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003e   Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e6.Bond Financing and Debt Stability : Theoretical Issues and Empirical Analysis        \u003cbr\u003e\u003cstrong\u003e   VIVEK MOORTHY ET AL  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003e   Prof., Indian Institute of Management, Bangalore.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e7.Capital Account Liberalisation and Controls : Lessons from\u003cbr\u003e    the East Asian Crisis        \u003cbr\u003e\u003cstrong\u003e    C. RANGARAJAN      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003e    Governor, Andhra Pradesh; Ex-Governor, Reserve\u003cbr\u003e     Bank of India, Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e     A. PRASAD     \u003c\/strong\u003e   \u003cbr\u003e     Asstt. Advisor, Deptt. of Economic Analysis and Policy,\u003cbr\u003e     Reserve Bank of India, Mumbai        \u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e8.Operationalising Capital Account Liberalisation :\u003cbr\u003e   The Indian Experience        \u003cbr\u003e\u003cstrong\u003e    Y.V. Reddy\u003c\/strong\u003e\u003cbr\u003e    Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e9.Capital Account Convertibility Revisited         \u003cbr\u003e\u003cstrong\u003e   S.S. Tarapore\u003c\/strong\u003e\u003cbr\u003e   Ex-Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e10.Development of Forex Market : Indian Experience         \u003cbr\u003e\u003cstrong\u003e     Y.V. REDDY\u003c\/strong\u003e\u003cbr\u003e     Dy. Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e11.Financial Institutions in India        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e12.Non-Banking Financial Companies        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e13.Financial Development and Economic Growth in India\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e14.Financial Sector Efficiency\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e15.International Financial Architecture : Developing\u003cbr\u003e    Countries Perspective\u003cbr\u003e\u003cstrong\u003e    Bimal Jalan\u003c\/strong\u003e\u003cbr\u003e    Governor, Reserve Bank of India, Mumbai.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e16.Financial Management of Globalisation :\u003cbr\u003e     IMF and Developing Countries\u003cbr\u003e\u003cstrong\u003e     Arjun Sengupta  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003e     Ex-Member, Planning Commission, Govt. of India; Professor,\u003cbr\u003e     Jawaharlal Nehru University, New Delhi.        \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e17.Globalisation and International Financial Environment\u003cbr\u003e\u003cstrong\u003e     GAZI ERCEL\u003c\/strong\u003e\u003cbr\u003e     Governor, Central Bank of the Republic of Turkey\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e18.World-wide Tendencies in Financial System\u003cbr\u003e\u003cstrong\u003e     Jean-Claude Trichet\u003c\/strong\u003e\u003cbr\u003e     Governor, Bank of France\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e19.The Impact of IT Innovation on Financial Systems\u003cbr\u003e\u003cstrong\u003e    Masaru Hayami\u003c\/strong\u003e\u003cbr\u003e    Governor, Bank of Japan, Tokyo\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e20.Agenda for Financial Sector Reforms\u003cbr\u003e\u003cstrong\u003e    N.A. Mujumdar\u003c\/strong\u003e\u003cbr\u003e    Ex-Principal Advisor, Reserve Bank of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eContents of The 2 CDs\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eMonetary and Credit Policy 2000-2001 \u003cbr\u003e(44 pages)\u003c\/p\u003e\n\u003cp\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eMacro-Economic and Monetary Developments 1999-2000\u003cbr\u003e(59 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eMid term Review of the Monetary \u0026amp; Credit Policy, October 10, 2000\u003cbr\u003e(44 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003cbr\u003eRBI Report on Currency and Finance 1999-2000, January 2001\u003cbr\u003e(164 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport on Trend \u0026amp; Progress of Banking in India,\u003cbr\u003e1999-2000, November 2000\u003cbr\u003e(240 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eRBI Annual Report, August 2000\u003cbr\u003e(242 pages) \u003c\/p\u003e\n\u003cp\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of Sabanayagam Committee on Nidhis, 2001\u003cbr\u003e(24 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of the RBI Technical Group, on Phasing out of Non\u003cbr\u003eBanks from Call \/ Notice Money Market, March 2001\u003cbr\u003e(24 pages) \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of the Advisory Group on Transparency in\u003cbr\u003eMonetary and Financial Policies, September 2000\u003cbr\u003e(35 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eInterim Report of the Advisory Group on Bankruptcy\u003cbr\u003eLaw, January 2001\u003cbr\u003e(48 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eBanking Companies (Acquisition and Transfer of Undertakings)\u003cbr\u003e\u0026amp; Financial Institutions Laws (Amendment Bill 2000)\u003cbr\u003e(15 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003cbr\u003eReport of the Working Group on Discounting of Bills,\u003cbr\u003eRBI, September 28, 2000\u003cbr\u003e(69 pages)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of the Advisory Group on Banking Supervision\u003cbr\u003e(10 pages) \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of the Working Group on Restructuring Weak Public\u003cbr\u003eSector Banks, October 1999\u003cbr\u003e(157 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of the Task Force to Study the Co-operative Credit System\u003cbr\u003e\u0026amp; Suggest Measures for its Strengthening, August 2, 2000\u003cbr\u003e(77 pages)\u003cbr\u003e     \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport of the Advisory Group on Payment \u0026amp; Settlement System,\u003cbr\u003ePart-1, September 27, 2000 and Part II, Jan. 16, 2001\u003cbr\u003e(18 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eA New Capital Adequacy Framework : Comments of the RBI, May 2000\u003cbr\u003e(55 pages) \u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eAsset Securitisation: Report of the In-house Working Group, December 29, 1999\u003cbr\u003e(140 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eReport on Technology Upgrada-tion in Banking Sector, May 1999\u003cbr\u003e(72 pages) \u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eDeposit Insurance in India : Report on Reforms, October 1999\u003cbr\u003e(81 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eCore Principles for Effective Banking Supervision, RBI, 1999\u003cbr\u003e(33 pages) \u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of the Committee on Urban Co-operative Banks, 1999\u003cbr\u003e(97 pages) \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003eRisk Management System in Banks, RBI, 1999\u003cbr\u003e(39 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eGuidelines for Gold Deposit Scheme, 1999\u003cbr\u003e(15 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eCredit Rating Agencies Regulation, 1999\u003cbr\u003e(19 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eNarasimham Committee Report on Banking Sector\u003cbr\u003e(April 6, 1998)\u003cbr\u003e(44 pages) \u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of High Level Committee on Credit to SSI, RBI,\u003cbr\u003e1998 (Part I \u0026amp; II) \u003cbr\u003e(70+68=138 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003ePrinciples for the Management of Credit Risk\u003cbr\u003e(38 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003eNew Monetary \u0026amp; Liquidity Aggregates\u003cbr\u003e(15 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eAsset Liability Management System, 1999\u003cbr\u003e(320 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eInsurance Regulatory Authority Act, 2000\u003cbr\u003e(56 pages)\u003cbr\u003e    \u003cbr\u003eForeign Exchange Management Act\u003cbr\u003e(FEMA) 2000\u003cbr\u003e(239 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eSEBI (Foreign Venture Capital Investor) Regulations\u003cbr\u003e2000, September 15, 2000\u003cbr\u003e(13 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of the Advisory Group on Insurance Regulation :\u003cbr\u003ePart I (48 pages) \u0026amp; Part II (132 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e       \u003cbr\u003eSEBI: Venture Capital Funds Regulations, (Dec. 4, 1996)\u003cbr\u003eas Amended up to 3rd January, 2000\u003cbr\u003e(17 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e       \u003cbr\u003eSEBI Disclosure \u0026amp; Investor Protection Guidelines, 2000\u003cbr\u003e(180 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e      \u003cbr\u003eMutual Funds Regulations SEBI, 2000 \u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eBuyback of Securities Regulations : 2000\u003cbr\u003e(21 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003cbr\u003eReport of K.B. Chandrasekhar Committee on Venture\u003cbr\u003eCapital, February 2000\u003cbr\u003e(43 pages) \u003cbr\u003e     \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eSubstantial Acquisition of Shares and Takeovers Regulations -\u003cbr\u003e1997 (Updated till Jan. 3, 2000) \u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of the Standing Technical Committee of RBI \u0026amp;\u003cbr\u003eSEBI on “Bank Financing of Equities”\u003cbr\u003e(36 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e      \u003cbr\u003eFinancial Companies Regulations Bill 2000\u003cbr\u003e(24 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e   \u003cbr\u003eSupervision of the Indian Financial System (RBI),\u003cbr\u003eDecember 2000\u003cbr\u003e(24 pages)\u003cbr\u003e       \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eDraft of Proposed Procedures and Code of Conduct for\u003cbr\u003ePrevention of Insider Trading July 27, 2000\u003cbr\u003e(23 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e          \u003cbr\u003eForeign Venture Capital Investor Regulations, 2000\u003cbr\u003e(13 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003eReport of the Committee on Internet Based Securities Trading\u003cbr\u003eand Services (First Report) December 1999\u003cbr\u003e(13 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport of the Task Force on Micro Finance, December, 1999\u003cbr\u003e(181 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e      \u003cbr\u003eCorporate Governance and International Standards - March, \u003cbr\u003e2001 (Report of the Standing Committee on International\u003cbr\u003eFinancial Standards and Codes)\u003cbr\u003e(90 pages) \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e     \u003cbr\u003eHarmonising the Role and Operations of Banks and Development\u003cbr\u003eFinance Institutions, RBI, January 27, 1999\u003cbr\u003e(110 pages)\u003cbr\u003e           \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eCollective Investment Schemes Regulations: SEBI, 1999\u003cbr\u003e(103 pages)\u003cbr\u003e   \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eReport on Market Making, October 1999\u003cbr\u003e(33 pages)\u003cbr\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eRationalisation of Existing Margin \u003cbr\u003eSystem, SEBI, 1999\u003cbr\u003e(6 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003eReport of the Eleven member Group on Primary Markets,\u003cbr\u003e1998 (Chairman, Dr. Shankar Acharya).\u003cbr\u003e(20 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003eNBFCs: RBI Directions, 1998 (New Regulatory Framework Notifications)\u003cbr\u003e(48 pages)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e       \u003cbr\u003eNarasimham Committee Report on the Financial System, First Report\u003cbr\u003e(71 pages)\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100%; height: 78.3752px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e2001\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e798\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cspan\u003e8171882234\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Raj Kapila (Ed.)‚ Uma Kapila (Ed.)","offers":[{"title":"Hardcover \/ ENG- English \/ Banking","offer_id":51399294091585,"sku":null,"price":4995.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/8171882234--web-305-india_s.jpg?v=1771409376"},{"product_id":"a-decade-of-economic-reforms-in-india-copy-copy","title":"Money and Banking","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThe Reserve Bank of India has promoted research right from the early years of its existence. Excellent research papers have been prepared by some of the outstanding economists of the Bank. Barring exceptions, the invaluable research embodied in these papers has not been ‘widely’ disseminated.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eFormer Executive Director, Dr. A. Vasudevan has utilized his lifetime of experience at the central bank to painstakingly edit the present collection of research papers (organised under four sections) with a comprehensive introduction.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eAccording to Dr. Vasudevan “The objective of the volume is not to include articles in a large number of areas but to include only those that focus on money, monetary policy and banking issues — areas in which the Reserve Bank’s expertise is widely recognized.”\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe 20 chosen research papers included in the volume are contributed by :\u003c\/p\u003e\n\u003cp\u003eD. Ajit, R.D. Bangar, Anupam Basu, Indranil Bhattacharya, B.K. Bhoi, Goutam Chatterjee, Abhiman Das, Narendra Jadhav, Himanshu Joshi, Renu Kohli, \u003cbr\u003eK.A. Menon, M.S. Mohanty, Ashok Nag, N. Nagarajan, Michael Debabrata Patra, Sitikantha Pattanaik, C. Rangarajan, D.C. Rao, Deba Prasad Rath, \u003cbr\u003eMridul Saggar, Y.S.R. Sarma (late), Indranil Sengupta, Anoop Singh, A. Vasudevan, T.R. Venkatachalam, and Ghanshyam Upadhyay.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eDr. C. Rangarajan’s foreword to this volume adequately highlights its unique importance — a fact also echoed in the comments of two other distinguished experts, namely Professor R. Radhakrishna and Professor D.M. Nachane.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis collection of research papers gives the flavour of the research work that is getting done in the Reserve Bank of India. They reveal both maturity and technical excellence.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eI congratulate Dr. Vasudevan in undertaking this effort and choosing a spectrum of articles that is truly representative of the research in the Reserve Bank of India.\u003cbr\u003e--\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eDr. C. Rangarajan\u003c\/strong\u003e\u003cbr\u003eChairman, Twelfth Finance Commission\u003cbr\u003eFormer Governor, Reserve Bank of India\u003cbr\u003eDr. Vasudevan exemplifies the highest traditions of that rare but felicitous blend of impeccable academic scholarship and intimate experience of high-level policy-making. This volume, edited by him, largely reflects research studies done by his younger colleagues at the Reserve Bank of India. Most of the studies have drawn inspiration either from his direct participation or from his own writings. The study of several of the areas discussed in the book (such as the monetary transmission mechanism and money supply analysis) was pioneered by him in the Indian context during his long career at the Reserve Bank. It is a safe prognosis that the volume should prove rewarding both to academics researching on monetary economics as also to all those concerned with the fine art of monetary policy\u003c\/p\u003e\n\u003cp\u003e--\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eProfessor D.M. Nachane\u003c\/strong\u003e\u003cbr\u003eFormer Director, Department of Economics, University of Mumbai\u003cbr\u003eThis commendable book edited by Dr. A. Vasudevan, a leading monetary economist, is based on selected papers prepared by the monetary economists of the Reserve Bank of India during the last two decades for its in-house journal. The topics range from conceptual issues to macro monetary models and methodologies from traditional econometric techniques to recent advances in co-integration. It provides a useful insight into how monetary policy is responding to the problems of inflation and balance of payments and carefully assesses policy effects. A few papers present evidence bearing on the role of money supply in the inflationary process and make a case for money based monetary policy against the credit view, which dominated the monetary policy prior to reforms. The small sized macro econometric model based on Polak's absorption approach estimated for exploring the interaction between fiscal deficit and external balance will be handy for class room teaching.\u003c\/p\u003e\n\u003cp\u003eThe introductory essay and introduction to sections by the editor provide a useful historical account of the issues, debates and policy responses, besides contextualizing the papers included in the book. The approach is both analytical and rigorous. It is a required reading for any one interested in policy design.\u003c\/p\u003e\n\u003cp\u003eIn my view, in terms of its coverage and range of insight, this book will be a most valuable source for students and economists.\u003c\/p\u003e\n\u003cp\u003e--\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eProfessor R. Radhakrishna\u003c\/strong\u003e\u003cbr\u003eDirector, Indira Gandhi Institute of Development Research (IGIDR), Mumbai\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eDr. A. Vasudevan, currently Honorary Advisor in the Reserve Bank of India, was Executive Director of the Reserve Bank between May 1996 and end-August 2000. As the Executive Director, he was in-charge of research, statistics, monetary policy and information technology departments. He has had vast international experience — Advisor to Executive Director for India at the International Monetary Fund (IMF) between 1984 and 1989; Member of the Indian Delegations to semi-annual IMF\/ World Bank and G-24 meetings between 1984 and 1989 and again between 1993 and 2000; represented India at the UNDP Conference on financing of sustainable development at Santiago, Chile; Central Bank Deputy at the Group of Two Deputies’ meetings; and Member of the Task Force on Implementation of Standards and the Follow-up Group on the Implementation of Standards, appointed by the Financial Stability Forum.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eAmong the several Committees on which he served, the important ones were: Expert Group on Saving and Capital Formation in India, Government of India, 1996 (Member), the Working Group on Money Supply, Reserve Bank, 1998 (Vice-Chairman), and the Committee on Technology Upgradation in Banking Sector, Reserve Bank of India, 1999 (Chairman).\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eApart from the present volume (edited by him), Dr. Vasudevan has recently authored Central Banking for Emerging Market Economies (Academic Foundation, 2003). Described as a “path-breaking work” of “encyclopaedic proportions”, within a short time-span this publication received extraordinary praise in several reviews across leading newspapers and journals. Having authored\/edited a few other books earlier, Dr. Vasudevan has numerous scholarly writings of his own in various professional journals, both Indian and foreign. He also taught M.A. students at the University of Bombay (1966-69) on the theories of money and economic development and central banking.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eCurrently Dr. Vasudevan is engaged in writing the history of Reserve Bank of India — a task he has been entrusted with by a committee of the central bank, chaired by Dr. C. Rangarajan.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eContributors\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eNames of the authors\/co-authors of respective papers included in the present volume are arranged alphabetically (according to last name). The corresponding designations represent current\/latest position held.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eD Ajit        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai\u003cbr\u003e(Now on sabbatical leave)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR D Bangar \u003c\/strong\u003e       \u003cbr\u003eFormerly: Assistant Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eAnupam Basu      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003eDeputy Director, African Department, International Monetary Fund,\u003cbr\u003eWashington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eIndranil Bhattacharya\u003c\/strong\u003e        \u003cbr\u003eResearch Officer, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eB K Bhoi        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e    \u003cbr\u003eGoutam Chatterjee  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003eDirector, Department of Statistical Analysis \u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Kolkata\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eAbhiman Das     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Statistical Analysis \u0026amp;\u003cbr\u003eComputer Services,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eNarendra Jadhav    \u003c\/strong\u003e    \u003cbr\u003ePrincipal Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eHimanshu Joshi    \u003c\/strong\u003e    \u003cbr\u003eDirector, Monetary Policy Department, Reserve Bank of India,\u003cbr\u003eMumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eRenu Kohli    \u003c\/strong\u003e    \u003cbr\u003eAssistant General Manager, Reserve Bank of India, Kolkata\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eK A Menon      \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003cbr\u003eFormerly : General Manager, Reserve Bank of India,\u003cbr\u003eTiruvananthapuram\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eM S Mohanty     \u003c\/strong\u003e   \u003cbr\u003eEconomist, Bank for International Settlements,\u003cbr\u003eBasle,(Switzerland)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eAshok Nag        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Statistical Analysis\u003cbr\u003e\u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eN Nagarajan        \u003c\/strong\u003e\u003cbr\u003eChief Economist, Indian Banks’ Association\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e        \u003cbr\u003eMichael Debabrata Patra  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003eAdviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eSitikantha Pattanaik     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eC Rangarajan    \u003c\/strong\u003e    \u003cbr\u003eChairman, 12th Finance Commission, Government of India, New Delhi\u003cbr\u003eand Former Governor, Reserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eD C Rao    \u003c\/strong\u003e    \u003cbr\u003eFormerly: Director, International Finance Department,\u003cbr\u003eWorld Bank, Washington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eDeba Prasad Rath     \u003c\/strong\u003e   \u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eMridul Saggar    \u003c\/strong\u003e    \u003cbr\u003eDirector, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eY S R Sarma (Late)      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003eFormerly: Adviser-in-charge, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIndranil Sengupta     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Economic\u003cbr\u003eAnalysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAnoop Singh  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003eDirector, Western Hemisphere Department,\u003cbr\u003eInternational Monetary Fund,\u003cbr\u003eWashington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eA Vasudevan    \u003c\/strong\u003e    \u003cbr\u003eFormerly: Executive Director, Reserve Bank of India, Mumbai\u003cbr\u003e(Presently Honorary Adviser, Reserve Bank of India, Mumbai)    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eT R Venkatachalam  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003eFormerly: Adviser-in-charge, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eGhanshyam Upadhyay     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Statistical Analysis \u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cem\u003eForeword by Dr. C Rangarajan\u003cbr\u003eContributors.\u003cbr\u003eSymbols Used; Sources.\u003cbr\u003eEditor’s Introduction.\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eSECTION  I\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e1.On Testing Some Hypotheses Concerning the Transmission Mechanism\u003cbr\u003e   of Monetary Policy : The Indian Experience\u003c\/strong\u003e\u003cbr\u003e      (A Vasudevan and K A Menon)\u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e2.A Short-term Model to Forecast Monetary\u003cbr\u003e   Aggregates — Interim Results\u003c\/strong\u003e\u003cbr\u003e    (D C Rao, T R Venkatachalam and A Vasudevan)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eSECTION  II\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e3.Reserve Money : Concept and Policy Implications for India\u003c\/strong\u003e\u003cbr\u003e    (C Rangarajan and Anoop Singh)\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e4.Weighted Monetary Aggregates: Rationale and Relevance for India\u003c\/strong\u003e\u003cbr\u003e    Narendra Jadhav.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e        \u003cbr\u003e5.The Dynamics of Money Supply Process in India :\u003cbr\u003e  An Alternative Empirical Framework\u003c\/strong\u003e\u003cbr\u003e    Himanshu Joshi and Indranil Bhattacharyya.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e6.Residency in Money Supply\u003c\/strong\u003e\u003cbr\u003e    Deba Prasad Rath and Indranil Sen Gupta    \u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e7.Estimating Money Demand Function : A Cointegration Approach\u003c\/strong\u003e\u003cbr\u003e    Ashok K Nag and Ghanshyam Upadhyay.    \u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e8.The Demand for Money in India : Stability Revisited\u003c\/strong\u003e\u003cbr\u003e    Himanshu Joshi and Mridul Saggar.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e9.Modelling Buffer Stock of Money : An Indian Experience\u003c\/strong\u003e\u003cbr\u003e    B K Bhoi\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSECTION III\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e10.Financial Innovation : Determinants and Implications for\u003cbr\u003e     Monetary Policy - A Model\u003c\/strong\u003e\u003cbr\u003e       N Nagarajan.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e11.Credit Availability and Small Firms :\u003cbr\u003e     A Probit Analysis of Panel Data\u003c\/strong\u003e\u003cbr\u003e       Renu Kohli\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e12.Dynamics of Interaction Between Government\u003cbr\u003e     Deficit and Domestic Debt in India\u003c\/strong\u003e\u003cbr\u003e      C Rangarajan, Anupam Basu and Narendra Jadhav\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e13.Fiscal Deficit, External Balance and Monetary Growth\u003c\/strong\u003e\u003cbr\u003e      C Rangarajan and M S Mohanty.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e14.Analytics of Monetary Management\u003c\/strong\u003e\u003cbr\u003e      A Vasudevan.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e15.Money, Output and Prices\u003c\/strong\u003e\u003cbr\u003eY S R Sarma\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e16.Exchange Rate Management in India :\u003cbr\u003e    An Expirical Evaluation\u003c\/strong\u003e\u003cbr\u003e     Michael Debabrata Patra and Sitikantha Pattanaik\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e17.REER : The Leading Indicator\u003c\/strong\u003e\u003cbr\u003e      Sitikantha Pattanaik\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003e\u003cstrong\u003eSECTION IV\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003cbr\u003e\u003cstrong\u003e18.Banks in Financial Intermediation :\u003cbr\u003e     Performance and Issue\u003c\/strong\u003es\u003cbr\u003e      D Ajit and R D Bangar\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e        \u003cbr\u003e19.Scale Economies in Banking — Indian Experience\u003cbr\u003e     in Deregulated Era\u003c\/strong\u003e\u003cbr\u003e      Goutam Chatterjee\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e20.Technical, Allocative and Scale Efficiency of Public Sector Banks in India\u003c\/strong\u003e\u003cbr\u003e      Abhiman Das.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e2003\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e285\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e8171883184\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"A. Vasudevan (Ed.)","offers":[{"title":"Hardcover \/ ENG- English \/ Banking","offer_id":51399450263873,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/8171883184-web-305-money-ba.jpg?v=1771409987"},{"product_id":"agricultural-risk-and-insurance-in-india-copy","title":"Banking Services for the Poor","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eToday more than ever it is evident that financial organizations that fail to heed the principles of sound financial management will rapidly find themselves in trouble. Over ten years ago, Robert Peck Christen observed this in the context of microfinance programs burgeoning in the late 1990's. His concern spurred the writing of this manual.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eDeveloped to help microfinance program administrators manage for financial success, this best-selling manual today still offers practical and clear applications of traditional financial topics to microfinance institutions.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eIn this manual, Christen addresses interest rate policy, management of assets and liabilities, capital and portfolio risk, and strategic financial planning—all key issues for microfinance institutions and all important for the donors, consultants, and regulators who work regularly with microfinance institutions to understand. The manual presents the theoretical framework along with numerous examples, allowing the reader to deepen his or her understanding of the subject matter.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eRobert Peck Christen\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003ehas over 25 years of experience in leading the development of the microfinance sector. He is recognized internationally for his leadership in advancing the microfinance sector as a global industry in a number of areas: commercial innovations in microfinance operations, microfinance industry performance bench-marking, international professional training programs and policies in regulation and supervision.\u003c\/p\u003e\n\u003cp\u003eMr. Christen has worked in over 40 countries advising governments, banks, and microfinance service providers,\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cem\u003eList of Tables, Boxes and Figures \u003c\/em\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cem\u003ePreface\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e1. Introduction\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e1.1 Four Challenges Facing Microfinance\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.1.1 The First Challenge: Loan Repayment\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.1.2 The Second Challenge: Cost Recovery\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.1.3 The Third Challenge: Accessing\u003cbr\u003e         Commercial Funding\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.1.4 The Fourth Challenge: Attracting Private,\u003cbr\u003e         for-profit Equity Investment\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.2 Levels of Cost Recovery\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.3 Leverage of Donor Funding\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.4 The Relation Between Financial\u003cbr\u003e      Sustainability and Outreach\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e2. Evaluating MFI Financial Sustainability\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.1 Adjusting Financial Statements to Account\u003cbr\u003e      for the Effects of Inflation and Subsidies\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.1.1 Cost-of-inflation Adjustment Technique\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.1.2 Subsidy Adjustment Technique\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.2 Adjusting Financial Statements to\u003cbr\u003e     Account for Loan Portfolio Risk\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.2.1 Measuring Loan Delinquency\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.2.2 Portfolio Risk Classification, Loan\u003cbr\u003e         Loss Provisioning, and Write-offs\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.3 Setting up Financial Statements\u003cbr\u003e      and Related Information\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.3.1 Presenting Financial Statements to\u003cbr\u003e        Enhance the Evaluation and\u003cbr\u003e        Management of Programme Results\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.3.2 Presentation of the Adjusted Financial\u003cbr\u003e        Statements in Constant Currency Terms\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.4 Evaluating Financial Sustainability:\u003cbr\u003e     Three Profitability Models \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.4.1 Cost Recovery Model\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.4.2 Return on Equity Model\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.4.3 Modified Subsidy-adjusted\u003cbr\u003e        Return on Assets Model\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e3. Setting Appropriate Interest Rates:\u003cbr\u003e    The Key to Long-term Viability\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.1 Role of Capital in the MFI\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.2 Capital Adequacy and Leverage\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.3 The Need for Lower Leverage in the\u003cbr\u003e      MFI than in Traditional Banks\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.4 Technical Criteria for Setting Interest Rates\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.5 Political Considerations for Setting\u003cbr\u003e      Interest Rates on Microloans\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.6 Structuring Interest Rates and Fees\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.7 Using Effective Interest Rates to\u003cbr\u003e      Measure Expected Yields\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e4. Asset\/Liability Management in the\u003cbr\u003e    Microfinance Institution\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.1 Net Interest Margin and Gap Management\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.1.1 Gap Analysis\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.1.2 Gap Management in Microfinance\u003cbr\u003e         Institutions\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.2 Liability Management\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.2.1 Calculating Interest Expense\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.2.2 Managing Interest Expense\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.2.3 Structuring Interest Rates on\u003cbr\u003e        Savings Deposits\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.3 Liquidity and Reserve Position\u003cbr\u003e      Management\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.3.1 Risk-return Trade-off\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.3.2 Measuring Liquidity\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.4.3 Cash-flow-based Liquidity Management\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e5. Productivity Enhancement Tools\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.1 Monitoring Administrative Costs\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.2 Variables that Influence Financial Performance\u003cbr\u003e      and Enhance Productivity\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.3 Administrative Features of Efficient\u003cbr\u003e     Organisations\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.3.1 Staff Accountability and the Use\u003cbr\u003e      of Incentives Systems\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.3.2 Decentralised Decision Making within Branch\u003cbr\u003e         Offices that Operate as Profit Centers\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.3.3 Management Information Systems\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.3.4 Internal Controls and Fraud Risk\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4 Costing of Financial Products\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.1 Structuring the Cost Study\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.2 Variable Operating Costs of\u003cbr\u003e        Passbook Savings Account\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.3 Fixed Operating Costs of\u003cbr\u003e        Passbook Savings Account\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.4 Indirect and Setup Costs of\u003cbr\u003e        Passbook Savings Account\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.5 Financial Costs of Passbook\u003cbr\u003e        Savings Account\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.4.6 Total Cost of Passbook\u003cbr\u003e         Savings Account\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e6. Strategic Financial Planning\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1 A Business Plan Format\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.1 Institutional Analysis\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.2 Review of Macro Context\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.3 Loan Portfolio\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.4 Funding\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.5 Operations\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.6 Special Projects\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.7 Capital\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.1.8 Financial Statements and\u003cbr\u003e        Statistical Appendices\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2 Generating Streamlined\u003cbr\u003e      Financial Projections\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.1 Individual Branch Level\u003cbr\u003e         Loan Portfolio\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.2 Individual Branch Level\u003cbr\u003e        Staffing Requirements\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.3 Individual Branch Level\u003cbr\u003e         Income Statement\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.4 Individual Branch Level\u003cbr\u003e         Performance Indicators\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.5 MFI-level Consolidated Loan\u003cbr\u003e         Portfolio, Income Statement,\u003cbr\u003e         and Performance Indicators\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.6 Head Office Support Budget\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.7 MFI-level Balance Sheet\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.2.8 MFI-level Cash Flow\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eBibliography\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eAppendix\u003c\/em\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100.707%; height: 85px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2010\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e290\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cspan\u003e9788171888115\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Robert Peck Christen","offers":[{"title":"Hardcover \/ ENG- English \/ Finance","offer_id":51554053947713,"sku":null,"price":895.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9788171888115-web-305-servi.jpg?v=1774953292"},{"product_id":"two-decades-of-economic-reforms-copy","title":"Microfinance in India","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv\u003e\n\u003cp\u003eThe study is an epitome of the mind-boggling flurry of literature on the subject of microfinance. But, it has gone far beyond the review of literature on the concept, country models and history of microfinance movement in India; it has provided a thematic work on the factual profiles of different microcredit programmes prevalent in the country and their progress, The book contains a very up-to-date review of the regulatory measures and their nuances and a detailed review of the evaluation and impact studies. The book also dwells on the limitations of the mFI movement to satisfy the credit needs of the vast informal sector enterprises which also seem to get generally neglected by the formal financial institutions. This has led the study to a review of the new initiatives which the authorities have taken under the broad theme of ‘financial inclusion.’ Keeping the broader objective of distributional goals embedded in the microfinance movement, the book attempts an assessment of the wider challenges faced by the financial system, and provides a dossier of suggestions for reaching out to the small and informal sectors on a more effective scale. As for the mFI movement itself, apart from bringing out it potentialities and also critiquing it, the study presents a set of suggestions for strengthening and expanding its role.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eDr. S.L. Shetty’s\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003einterests in the discipline of Economics have been wide-ranging, with macroeconomics and the financial sector issues being the core. He served the Reserve Bank of India (RBI) for 24 years and retired in 1993 as Chief of its research department. On leaving the RBI, he became the Founder Director of EPW Research Foundation (EPWRF) in which capacity he continued for 16 years. While in the RBI, he spent 4 years in a foreign central bank on an IMF assignment.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eIn academic circles, Dr. Shetty is known for his seminal work titled Structural Retrogression in the Indian Economy since the Mid-Sixties (NIBM, 1978) and a series of other contributions through the columns of the EPW. They have ranged from monetary and fiscal policies to money market studies and development issues in the financial sector.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ch2 class=\"p1\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cp class=\"p1\"\u003eList of Tables, Figures and Boxes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAcronyms\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eForeword \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e    K. Kanagasabapathy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eEditor’s Introduction\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e    S. L. Shetty\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e1.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBackground to the Study\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eTheoretical Undercurrents Relevant to the Study\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eStructural Disabilities of the Indian Economy: Imperatives \u003cbr\u003e       of Concerted Institutional Support for the Marginal Groups\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eNature of Financial Exclusion amongst Farm Households \u003cbr\u003e       and Non-Farm Enterprises\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eNeed for a Theory of Finance Accommodating \u003cbr\u003e       the Structural Characteristics of the Indian Economy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e2.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eMicrofinance: The Concept, Models and History\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Concept of Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eThe Origin and History of Microfinance Movement\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eExtant Models of Group Financing Arrangements in Vogue\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eCommercial Banks in Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eInternational Initiatives in Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e3.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCountry Models and Experiences\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eNGO-Supported mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eGovernment-Supported Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBank-Supported mFI Arrangements\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e4.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEvolution of Microfinance in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eSEWA Bank\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSHG-Banks Linkage Programme of NABARD\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSIDBI Foundation for Micro-Credit (SFMC)\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance in Government Programmes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eIndependent Private Microfinance Institutions\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance Programme of ICICI Bank\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e5.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFactual Profile of Microfinance Sector in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eOverall Fact Sheet of Progress of SHG-BL Programme\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSIDBI Foundation for Micro-Credit (SFMC): A Progress Sheet\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eProgress of Independent mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrocredit and Mainstream Banking: \u003cbr\u003e       A Distressing Case of Financial Exclusion\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e6.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRegulation and the New Bill\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLaissez-Faire Approach to Regulating mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eRegulation of the mFI Sector: The Indian Story\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFresh Proposals for MFI Regulations in India: \u003cbr\u003e       Controversies a Galore\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eThe Malegam Committee, the RBI Response, \u003cbr\u003e       the mFI Bill of 2011 and All that\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e7.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eA Detailed Review of Evaluation and Impact Studies\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eState of the Microcredit Summit Campaign Reports: \u003cbr\u003e       Scope for Caveats on Claims of Outreach\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eImpact of Microfinance: Divergent Results\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e8.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEmerging Debate on Critical Issues\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eCritical Issues of Concern for mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance: Future Challenges and Strategies\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e9.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eConclusions and Recommendations\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAn Assessment: Wider Challenges before the Financial System\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eKey Suggestions and Recommendations concerning \u003cbr\u003e       the Total mFI Sector\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFinancial Inclusion: Resurrection of the Goals \u003cbr\u003e       of Bank Nationalisation and Renewed Emphasis on Small \u003cbr\u003e       and Informal Sectors\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSubstantive Recommendations on the \u003cbr\u003e       Role of the Financial System for Broadening Growth and \u003cbr\u003e       the Pattern of Development\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003ci\u003eReferences\u003c\/i\u003e\u003c\/p\u003e\n\u003cbr\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"font-family: -apple-system, BlinkMacSystemFont, 'San Francisco', 'Segoe UI', Roboto, 'Helvetica Neue', sans-serif; font-size: 0.875rem;\"\u003e \u003c\/span\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100.707%; height: 85px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2012\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e658\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9788171889396\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"S.L. Shetty","offers":[{"title":"Hardcover \/ ENG- English \/ Finance","offer_id":51561817866561,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9788171889396-web-305-Micro.jpg?v=1775107003"},{"product_id":"an-agenda-for-indias-growth-copy","title":"The Reserve Bank of India (Part A \u0026 Part B)","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThis fourth volume in the series of the history of the Reserve Bank of India covers the 16 eventful years from 1981 to 1997. It is published in two parts, which ideally should be read as a continuum.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePart A\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efocuses on the transformation of the Indian economy from a regime of restrictions to progressive liberalisation. The 1980s were characterised by an expansionary fiscal policy accompanied by automatic monetisation of budgetary deficit that strained the conduct of monetary policy. Similarly, a heavily regulated banking system impaired efficiency. The domestic macroeconomic imbalances combined with deteriorating external conditions triggered the balance of payments (BoP) crisis of 1991. Subsequent reforms ushered in far reaching changes not only in the economy but also in central banking.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePart B\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eof the volume captures the implementation of structural and financial sector reforms: fiscal correction and phasing out of automatic monetisation; development of government securities market; and greater integration among money, securities and foreign exchange markets. It also covers the transformation in banking with liberalisation and improvement in credit delivery. At the same time the Reserve Bank had to contend with a securities scam which led to the introduction of better control systems and strengthening of the payment and settlement systems.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eWith the introduction of financial sector reforms, the Reserve Bank adopted a more active communication strategy. The organisational structure of the Reserve Bank also changed in response to domestic necessities and international developments. The Bank embarked upon technological transformation and upgraded its systems and procedures to manage its operations effectively.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis volume is more than a mere narrative of the history of the Reserve Bank; it also provides valuable insights into India's economic development and policy during an eventful and significant period.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003e\u003cspan\u003e“This [the period from 1981 to 1997] was by far one of the most challenging periods for the economy. This volume of history takes us through the difficult times when the Reserve Bank and the Government had to contend with unprecedented strains on the external payments situation. In response to the balance of payments crisis, the Government embarked on a wide-ranging programme of economic reforms that defined a marked reorientation of the philosophy of economic management of the country. The Reserve Bank was a partner in this exciting process, generating ideas, processing proposals and implementing reform initiatives.”\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e— \u003cb\u003eDr Duvvuri Subbarao\u003c\/b\u003e\u003c\/p\u003e\n\u003cp\u003e    Governor\u003c\/p\u003e\n\u003cp\u003e“The comprehensive economic reforms, mostly home-grown, that were launched in 1991, with support from multilateral institutions and implemented in a gradual and cautious manner enabled India to gain international credibility. The devaluation of the rupee in 1991 gave a fillip to exports. This, combined with wide-ranging liberalisation efforts in various sectors, helped rather quickly to restore macroeconomic balance in the economy. Policy measures such as the institution of the Liberalised Exchange Rate Management System (LERMS) as a prelude to current account convertibility in 1994, the switch from direct to indirect instruments to improve the efficacy of monetary policy, and developing financial markets for greater market integration facilitated the smooth transition of the economy towards a more dynamic and liberal regime.”\u003c\/p\u003e\n\u003cp\u003e— \u003cb\u003eDr Bimal Jalan\u003c\/b\u003e\u003c\/p\u003e\n\u003cp\u003e   \u003ci\u003e Chairman, Advisory Committee, RBI History\u003c\/i\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003e\u003cspan class=\"accordsuffix\"\u003eContents in Detail\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cstrong\u003ePART A\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eForeword\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003ePreface\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eAcknowledgements\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eAbbreviations\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003eChapter 1: Introduction and Overview\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eI. Consolidation and Early Liberalisation: 1981 to 1989\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eChapter 2: Macroeconomic Context\u003c\/p\u003e\n\u003cp\u003eChapter 3: Monetary-Fiscal Interface\u003c\/p\u003e\n\u003cp\u003eChapter 4: Monetary and Credit Policy\u003c\/p\u003e\n\u003cp\u003eChapter 5: Balance of Payments and Exchange Control\u003c\/p\u003e\n\u003cp\u003eChapter 6: Banking and Finance\u003c\/p\u003e\n\u003cp\u003eChapter 7: Developments in Banking Supervision\u003c\/p\u003e\n\u003cp\u003eChapter 8: Rural Credit Policy\u003c\/p\u003e\n\u003cp\u003eChapter 9: Conclusion: The Decade of the 1980s\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eII. Crisis and Reforms: 1989 to 1997\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e(contd...)\u003c\/p\u003e\n\u003cp\u003eChapter 10: Economic and Financial Environment\u003c\/p\u003e\n\u003cp\u003eChapter 11: The Balance of Payments Crisis of 1991\u003c\/p\u003e\n\u003cp\u003eChapter 12: Management and Resolution of the 1991 Crisis\u003c\/p\u003e\n\u003cp\u003eChapter 13: External Sector Liberalisation\u003c\/p\u003e\n\u003cp\u003eChapter 14: Monetary Management\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePART B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eII. Crisis and Reforms: 1989 to 1997 (concld.)\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eChapter 15: Public Debt Management\u003c\/p\u003e\n\u003cp\u003eChapter 16: Financial Markets\u003c\/p\u003e\n\u003cp\u003eChapter 17: Reforms in Banking and Financial Institutions\u003c\/p\u003e\n\u003cp\u003eChapter 18: Agriculture and Rural Development\u003c\/p\u003e\n\u003cp\u003eChapter 19: Conclusion: First Seven Years of the 1990s\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIII. Organisational Aspects\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eChapter 20: Communication Practices\u003c\/p\u003e\n\u003cp\u003eChapter 21: Institutional Changes\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIV. Miscellany\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eSelect Photographs\u003c\/p\u003e\n\u003cp\u003eAppendices, Enclosures and Documents\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV. References and Index\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eSelect References\u003c\/p\u003e\n\u003cp\u003eIndex\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"font-family: -apple-system, BlinkMacSystemFont, 'San Francisco', 'Segoe UI', Roboto, 'Helvetica Neue', sans-serif; font-size: 0.875rem;\"\u003e \u003c\/span\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100.707%; height: 85px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2013\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e712\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9788171889860\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Reserve Bank Of India (rbi)","offers":[{"title":"Hardcover \/ ENG- English \/ Banking","offer_id":51579331674433,"sku":null,"price":2195.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9788171889860-web-305-RBI-H.jpg?v=1775461573"}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/collections\/8171883184-web-305-money-ba.jpg?v=1777271055","url":"https:\/\/www.academicfoundation.com\/collections\/banking-finance.oembed","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}