This paper first outlines a case study of the episode in 2006 in Krishna district of Andhra Pradesh when the state government temporarily closed down all the branches of microfinance institutions...
Money
Owing to the substantial risks involved, hedge funds are normally open only to professional, institutional or otherwise accredited investors. This paper outlines the structure of hedge funds, the...
The Independent Commission on Banking and Financial Policy has produced an excellent report that puts the banking and financial policies of India under a microscope. The analysis is not always on the...
If there were no policy interventions of any kind in the foreign exchange markets, and all markets were present and deep, it is far from clear that the size and direction of global imbalances would...
The Indian economy is facing some serious macroeconomic problems due to rapidly rising inflation and interest rates, a growing trade deficit and an uncertain global environment, which involves risks...
Due to the nature of the expansion of banking services in the country and constraints on banking entities, microfinance and microfinancing institutions have gained immense relevance today. The...
Sanghamithra is a microfinance institution set up to promote self-governed institutions of the poor and be totally unlike the typical MFIs that are known to focus exclusively on financial...
The modern commodity market finds its origin in the trading of agricultural products. This article traces the evolution and development of the commodity derivatives market in India. The article then...
This paper develops a measure of the monetary policy stance from the detailed reading of various monetary policy announcements in India from 1973 to 1998. According to the proposed measure, the...
The public sector banks have shown a remarkable transformation in the post-reform period. Profitability is comparable to international banks, efficiency and stability have improved and there is a...
The turnover of the commodity futures market has grown exponentially in a short span of time. With a skewed market participation that largely favours speculators, the futures market leaves a lot to...
India's experience with private equity is illustrative of the rush of this form of finance to the developing world. The acquisition of shares through the foreign institutional investor route today...
The Kalanjiam programme is a unique credit programme that goes beyond the narrow "financial delivery" approach. As this article explains, initiatives under this programme are flexible and tailored to...
Microcredit has been receiving a significant amount of attention all over the world, especially in developing countries. It is felt that by providing microcredit to the "poorest of the poor", the gap...
Indian banks' holdings of government securities - measured in rupees - have fallen for the first time in almost 40 years and are now close to the statutory minimum. Such holdings remain, however,...
