Banking today is not what it was some years back. The basic purpose for which banks came into being was deposit mobilization and credit dispensation, which in a short form can be called 3-6-3 banking. It is not the same any more as the major agenda of the banks today is to multiply profits through an array of services like insurance, mutual fund, wealth management etc. to customers. The growth of financial markets, blurring of product boundaries, new network technologies have brought in enormous opportunities in the banking sector. The key to success is knowledge on the subject and updation of the events in the sector. Living up to the aspirations and requirements of the industry, many Indian Universities have introduced Banking as a subject in the curriculum of management courses at the undergraduate and Postgraduate levels. Business Schools and institutes of academic excellence have evolved exclusive courses on Banking to tap the potential in the field. This book meets the requirements of the subject in all its angles and intends to serve the requirements of management students who would like to make a career in banking and for those in pursuit of promotional avenues within the bank.
Technological innovations and advancements have spread into every sphere of life and banking is no exception. With competition being tough and fierce, business, especially banking, has to adopt new methods and techniques. Modern banking essentially implies use of modern technology and communication tools, for example, computer and the Internet, for bringing about more efficiency and speed in banking operations and making them more and more customer friendly and customer focused. This accessible and well-written text examines the latest developments in the Indian Financial System and the significant roles the Indian Banking Sector has played in the development of the economy. Thoroughly practical and comprehensive, the book discusses the modern trends in Indian banking, especially its prospects with the use of technology, and other core areas of banking. It covers a wide range of topics such as financial markets and institutions; the role of central banks in different countries, including the role of RBI which is the central bank of India; basic lending principles; methods of remittance; services approach; and micro-credit. Besides, it dwells in details on venture capital, credit rating, modern e-payment systems, core banking, and hi-tech banking. Now in the Second Edition, the book has been thoroughly revised and updated. This edition includes several new topics, such as local area banks, EXIM Bank (Amendment) Act, 2011, stock invest, Factoring Regulation Act, 2011, prepaid payment instruments, GIRO payment, white label ATMs, tablet banking, recent development in priority sector lending, financial inclusion plan, Micro-finance Institutions (Development and Regulation) Bill, 2012, technology in the banking sector, Basel Committee, global economic trends, KYC, rural infrastructure development fund, licensing of new banks in private sector, gold loans, and shadow banking system. Intended primarily as a text for the students of Commerce, this student-friendly text should prove to be extremely useful also for the postgraduate students of Management, Finance, and Economics. It should prove equally useful to students of Chartered Accountancy and those appearing in competitive examinations. The book can also be profitably used by practising managers, bankers, researchers, and all those who would like to acquaint themselves with modern Indian banking, especially the role of banks in the new millennium. Key Features • Coverage is quite comprehensive, with latest data • Lays special emphasis on IT-enabled and technology-based banking practices
The dynamic banking and financial services environment in the country calls for prudent decision making under pressure. Management of Banking and Financial Services provides students and practitioners with a thorough understanding of managerial issues in the banking and financial services industry, enabling them to evaluate the overall organisational impact of their decisions. The first section of the book focuses on the basic concepts of banking and financial services, and the other sections explain how these concepts are applied in the global banking environment as well as in India. In addition to presenting the big picture of the banking and financial services industry, the book also provides useful tips on the trade-off between risk and return.
About the Book: This book is structured to cover entirely the syllabi of B.Com., B.B.M., M.B.A., M.Com., M.A., L.L.B., etc. and also serves as a basic guide for various competitive examinations such as I.A.S., I.E.S., C.A., N.E.T. and I.I.B. The present volume contains 19 chapters devoted mainly to the study of Commercial Banks, Central Bank, Reserve Bank of India, State Bank of India, Money and Capital Markets, Indian Banking Systems, Banker and Customer Relationship, Operation of Bank Accounts, Collection and Payment of Cheques, Loans and Advances, Types of Securities, Modes of Creating Charge, Guarantee, Letter of Credit, Accounts and Audit of Banks. The last chapter contains multiple choice and short-type questions for in-depth study related to banking. Contents: Commercial Banking Central Banking Reserve Bank of India State Bank of India Money Market and Capital Market Structure of Banking in India Opening and Operating Bank Accounts Pass Book Cheques Development Banks Banker and Customer The Paying Banker Collecting Banker Loans and Advances Types of Securities Modes of Creating Charge Guarantees Letter of Credit Accounts and Audit of Banks Multiple Choice Questions with Answers.
Credit Risk Management for Indian Banks is a one-stop reference book for practising credit risk professionals in the Indian banking sector. This is the first book of its kind, which is exclusively targets the practical needs of Indian bankers. It lays more emphasis on the ground realities of Indian banking and enunciates principles and guidelines of credit risk management based on real-life situations.
Development Banking In India Is Almost As Old As India S Independence. The First Institution Established In The Field Of Development Banking Was The Industrial Finance Corporation Of India In 1948. After This Beginning, A Battery Of Development Banks Came To Be Established And Today A Well-Knit Structure Of About 50 Development Banks Exists, Both At The National And State Levels.This Book Attempts To Spell Out The Financial And Developmental Roles Of Development Banks With Special Reference To Idbi During About 40 Years Of Post-Independence Era. Whereas The Financial Role Highlights The Banking Support Provided By Them For The Programmes Of Industrialisation Of The Country, The Development Role Sets Forth Their Promotional And Entrepreneurial Activities Of Bringing Together The Various Elements Essential For The Industrial Development.The Study Also Provides Observa¬Tions On Some Of The Common Problems And Lecunae Of The Indian Development Banks And Proposes A Pattern On Which The Future Structure Of Development Banking In India May Be Modelled.The Book Would Be Of Use To Stu¬Dents Of Commerce, Management And Economics. It Can Also Be A Valuable Reference To Professionals In Banking And Allied Areas.
Indian banking sector has undergone massive changes over the years. There has been major policy and structural development in the sector. Also, technological innovation and growing competition has changed the overall orientation of the banking sector. This book is devoted to a comprehensive learning about the Indian Banking Sector. The book is designed in light of the reforms, reorganizations and innovations characterizing the banking sector. Additionally, the book also has a special chapter on Microfinance Institutions. This book is deemed helpful to the students of B.Com, M.Com. and MBA courses. Besides, this book may also help meeting the bank competitive exams.
The liberalization of the financial sector demands a new technology to cope with the rising pressures on the profitability of banks and financial sector institutions. Analyzing lending strategies, credit appraisal, risk analysis and lending decisions, while keeping in mind the broad framework of corporate banking strategy, this book emphasizes that lending is no longer an activity restricted to the assets side of the balance sheet. It must emanate from and fit snugly into the overall corporate objective of a lending organization and, in the process, it must integrate the expanding range of activities into the mainstream lending business.
An invaluable tool for practicing managers and students of business and financial management, this book demands no prior specialized knowledge of the subject, taking readers from the rudiments of credit appraisal to advanced levels of decision-making. Numerous examples from the world of business have been provided to facilitate a better understanding of the vast and significant changes in the financial market.