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Banking and Finance has emerged as a leading sector of the Indian economy. Notwithstanding this, due to its technical nature, the sector has by and large remained outside the purview of the uninitiated readers.
The Routledge Handbook of Indian Banking and Finance is devoted to analytical accounts of various aspects of Indian banking and finance and tries to address this vacuum.
Written in non-technical language by prominent academics and industry experts, each chapter explores the basic tenets and current challenges within Indian banking and finance across three core areas: institutions, markets, and regulation. Institutions cover issues relating to commercial banks, co-operative banks, technological aspects of banking, mutual funds, insurance, or financial inclusion. Various markets are covered as well, and these include equity, bond, commodities, private equity, forex, money, real estate finance, or alternative assets. The regulatory section addresses regulation of banking, the risk management practices and norms in the banking sector, insurance, pension funds, securities market and role of government in finance. The chapters provide a comprehensive narrative tracing the evolutionary chronicle of a particular segment of the financial sector while delving into current issues and speculating on the shape of things to come.
Offering a comprehensive coverage, this book will be a go-to resource for beginners and specialists alike. It will be of interest to those working with corporate finance, banking, finance, economics, business & industry, management and marketing, and banking & finance related law.
List of contents
List of figures. List of tables. List of contributors. Foreword. Introduction.
INSTITUTIONAL FOUNDATION 1. Commercial Banking
2. Cooperative Banks
3. Non - Banking Financial Companies
4. Financial Inclusion
5. Banking: Metamorphosis using Technology
CORE FINANCIAL MARKETS AND PRODUCTS 6. Money Market
7. Bond Market 8. Foreign Exchange Market
9. Equity Markets
10. Derivatives Markets
11. Commodity Markets
INVESTMENTS AND ASSETS 12. Mutual Fund Industry
13. Private Equity Market
14. Insurance Sector
15. Alternative Assets
16. Real Estate Finance
REGULATORY ARCHITECTURE AND RISK17. Banking Regulation
18. Securities Market -Institutional Change and Growth
19. Risk Management in Banks and Financial Institutions
20. Insurance: Current practice and oversight
21. Regulation and Development of Pension
22. Climate Finance.
Index.
About the author
Partha Ray is Director, National Institute of Bank Management, Pune. He was a Professor of Economics at the Indian Institute of Management Calcutta for nearly a decade. During 2007 - 2011 he was Adviser to the Executive Director (India) at the International Monetary Fund. Earlier (during 1989 - 2006) he was working in the specialist cadre of Economists in the RBI. Educated in Kolkata, Mumbai and Oxford, he has written extensively on issues relating to various macroeconomic and financial issues.
Ashok Banerjee, a Chartered Accountant and PhD, joined the Indian Institute of Management (IIM) Udaipur as Director on 1 August 2022. Previously, he was a Professor (Finance and Control) at IIM Calcutta for almost 18 years and at IIM Lucknow for 4 years. His current areas of research include high frequency finance and sentiment analysis. Ashok has served as an independent director on the Boards of companies in the healthcare, entertainment and financial services sectors.
Sankarshan Basu is a Ph.D. from the London School of Economics and Political Science, and a Master's degree holder from the Indian Institute of Technology, Kanpur. Currently, Sankarshan is a Professor of Finance at the Indian Institute of Management Bangalore, where he has been a faculty since 2002. Apart from being active in both teaching and research, he also serves on the boards of banks and companies in the financial sector.
