The two decades of post reform period in India witnessed transformation of the economy in to a higher growth plane signaling the arrival of the country in the global stage. But this robust growth failed to translate the economic well being of the large number of marginalized and excluded...

Maximizing the total value of the firm — that is, the sum of the market values of the equity, debt and any other contingent claims outstanding on the firm — is fast gaining popularity in India. Value maximization, as an objective function that will guide managers in making the optimal...

Banks matter for economic growth, for poverty alleviation, for income distribution and for human welfare as a whole. And banks matter when they fail. According to Ross Levine (2005), the fiscal costs of banking crises in developing countries since 1980 have exceeded $1 trillion, and some...

This article presents several theories of financial inclusion. Financial inclusion is the ease of access to, and the availability of, basic financial services to all members of the population. Financial inclusion means that individuals and businesses have access to useful and affordable...

The CAMEL rating is a well established technique to compare the performance of banks and financial institutions. The Compound Annual Growth Rate (CAGR) is a very useful growth measure. We compare the top five private sector banks in India, ranking them via the CAMEL rating based on the CAGR of...

International Financial Reporting Standards (IFRS) are the new global accounting standards and have made its way into India. As the country accepts these standards, investors are curious whether change of accounting standards from Indian GAAP (Generally Accepted Accounting Principles) to IFRS...

Banking stocks have been surging off late. However asset quality issues that have plagued the banking sector over the past five years remain in the back ground. This paper seeks to study the influence of key internal determinants on the profitability of listed banks in India and to see if these...

Banking stocks have been hitting new highs off late. However asset quality issues that have plagued the banking sector over the past five years linger in the back ground. This paper seeks to study the influence of key internal determinants on the stock price performance of listed banks in India...

India is heading on the path of a major mobile revolution. Mobilization of the payment mechanism will be considered as landmark in the era of cashless economy. The present study examines financial Literacy and usage pattern of mobile wallets across gender groups and the various factors that can...

One of the largest financial markets in the world is the “global foreign exchange market” with average daily trades in trillions of dollars. The forex market is the backbone of international trade, global investing and is critical to support imports and exports. The exchange rate is one of...