Banking and Finance : Perspectives on Reform

Contents: Preface. 1. Banking sector reform in India. 2. Performance of the new generation private sector banks. 3. The changing role of the Reserve Bank of India and the commercial banks in financing fiscal deficit. 4. Institutional financing of higher education: the role of commercial banks. 5. Meeting the banking needs of the poor: the emerging trends. 6. Towards universal banking in India. 7. Recent developments in financial sector regulation and supervision. 8. Resolving the problem of non-performing assets of commercial banks. 9. WTO accord on financial services: implications for India. 10. A note on the strengthening of international financial architecture. 11. Streamlining IMF conditionality. 12. The advent of Euro and its implications. Index.

"The papers in this volume cover some of the most significant recent developments in the areas of banking and international finance. Indian banking has undergone a metamorphic change as a result of the reforms introduced since the early 1990s as per the recommendations of the committee on the financial system and the committee on banking sector reforms. It is time to take a look at the reforms and their impact. Modifications in the directed investment programme and directed credit programme, starting of new private sector banks, the move towards universal banking, introduction of new regulatory and supervisory measures to adopt the best international practices, promotion of micro credit and adoption of new measures for resolving the problem of non-performing assets are some of the aspects of Indian banking covered in this volume. Another important aspect of Indian financial sector covered here is the implications of WTO accord for financial services. This volume also covers some significant recent developments in international finance viz., strengthening of the international financial architecture, streamlining IMF conditionality and the advent of Euro and its implications. The book will be of considerable interest to students of economics, commerce and management and also to all those who are interested in the problems of banking and finance." (jacket)