This paper examines the resilience displayed by the spot indices S&P CNX Nifty, and two sectoral indices - CNX IT and Bank Nifty - of National Stock Exchange (NSE), one of the major stock exchanges in India, versus their respective futures contracts using Value-at-Risk (VaR) concept during...

Basel norms are designed to ensure safety and stability of the banking system at an international level. The norms were introduced in 1988 in the name of Basel I, which through subsequent and continuous modification has now taken the shape of Basel III. Indian banks being internationally active,...

The paper introduces a different viewpoint towards capital adequacy measurement of Indian commercial banks by applying Data Envelopment Analysis (DEA). DEA investigates the relative adequacy of core capital of the banks with respect to their risk-weighted assets corresponding to the three risk...

Weather-based financial instruments have gained huge popularity in the recent past for hedging weather or climate-related risk across sectors in many economies. Among developing countries, India was one of the pioneers to apply the concept of weather hedging through financial instruments in...

‘Fair value' of an asset or a liability refers to the amount at which such an asset could be exchanged, or the liability settled, between knowledgeable, willing parties, in an arm's length transaction. Although the growing irrelevance of historical cost-based accounting numbers in the...