The last three decades have witnessed a phenomenal growth in innovations in financialmarkets. This is of interest to all financial intermediaries including commercial andcorporative banks, insurance companies and other financial institutions.Globalization, Liberalization and Privatization have...

Many emerging markets have experienced significant changes in government policies and capital market reforms. These changes may lead to changes in their return-generating processes. Based on Markov-switching models, this paper investigates whether there is more than one regime in the...

We characterize the changes in credit quality of a large sample of listed Indian corporates. Multiple indicators suggest that credit quality declines sharply between 2010 and 2015, creating a thick tail of vulnerable corporate debt. Stress is primarily due to a sharp contraction in aggregate...

The financial performance of India's corporate sector has been under pressure since the Global Financial Crisis. Balance-sheet data on a large cross-section of Indian non-financial corporates show that the growth in their leverage over the last 15 years has been associated with a notable...

This paper investigates the time-varying correlation and the volatility behaviour of the New Age Technology (Industry 4.0) sectors and, traditional sectors in US (NASDAQ sectoral indices) and India (Nifty sectoral indices) using ADCC/DCC – GARCH models. We also assess the impact of Global...

The primary purpose of this paper is to empirically investigate the impact of bank competition on financial stability in India. We use a dynamic panel model to examine whether an increase in bank competition hindrances financial stability of commercial banks in India over the period 1996 to...

Microfinance is often considered a "double bottom line" sector, which refers to organizations that take care of their financial side and their social responsibility, trying to give minimum coverage to both. An optimistic vision of microfinance programs as a new key for development considered...

The experiences of the global financial crisis reveal that the spillover effects of the current global financial imbalances undermine the financial stability of different countries. In this emerging scenario, country-specific studies for identifying leading indicators of financial crisis appear...

Indian financial setup began under the parental care of the government rules and regulations and privatization got a humungous fillip only after the liberalization era. But liberalization has its own responsibilities and challenges. This paper will basically explore the strengths and weaknesses...

This article grapples with the causes of India's microfinance crisis. By contrasting Bangladesh's highly successful Grameen model with the allegedly “universalizable” version of India's SKS Microfinance (which precipitated the crisis), trust or social capital is isolated — not just...