Logo

0
Your cart is empty empty bag

Free Delivery Worldwide on orders over $50

Х

Banking Industry and Non-Performing Assets: NPAs

 
Arun Kumar (Author) Anoop Kumar Sharma (Author)
Synopsis

Apart from significantly improving the stability of the financial system, banking sector reforms in India since 1991 have supported the transition of the Indian economy to a higher growth path. In comparison to the pre-reforms period, the Indian banking system today is more stable and efficient. However, these gains need to be consolidated into a mature financial system to meet the challenges of financial globalization.

Many new processes, products and services offered by banks and other financial intermediaries are now IT-centred. Banks have traditionally been at the forefront of harnessing technology to improve their products, services and efficiency. They have, over a long period of time, been using electronic and telecommunication networks for delivering a wide range of value added products and services.

In spite of the technological advances made by the banking system, it is afflicted by a slew of formidable problems, the chief being the accumulation of non-performing assets (NPAs). India’s financial system and economic stability are facing a serious threat due to continuous one-way movement of the NPAs.

The enactment of Securitisation, Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 was an important landmark in the ongoing reforms in the financial sector. The Act enables the setting up of asset management companies, addressing the problem of NPAs of banks and financial institutions and enhancing rights of the creditors.

This book provides a vivid account of the banking sector reforms in India since 1991. More importantly, it analyzes the various aspects of the problem of NPAs of banks with the help of data/information available in public domain.

Read more
45.00 40.5 $ 50.00 $
Free delivery Wolrdwidе in 10-18 days Ships in 1-2 days from New Delhi Membership for 1 Year $35.00
Get it now and save 10%
Members SAVE 10% every day
BECOME A MEMBER
About the author

Arun Kumar

Arun Kumar has been watching the Indian poll scene for thirty years as a professional journalist. Since 1989, he has organized the election coverage of the Press Trust of India, the country's premier news agency – on five occasions for the Lok Sabha, besides numerous polls to the state assemblies. This is the fifth in the series of election books by the author. His works include, The Tenth Round: The story off the 1991 elections, The Battle for the Heartland, on the 1993 assembly elections, The Turning Point telling the 1996 poll story and On Coalition Course after the 1998 voting exercise. A Master in Political Science, with international relations, in 1980 he became the first Indian correspondent to serve in Pakistan after the 1965 Indo-Pak war. From one closed society, he went to another – China before returning back to India in 1988. Born in Delhi in 1946, Arun Kumar worked for a Delhi magazine and a newspaper in Ahmedabad before joining PTI in s1969. He now works as a Public Affairs Adviser.

Read more
Write a review
Reviews in total
 

Bibliographic information

Title Banking Industry and Non-Performing Assets: NPAs
Format Hardcover
Date published: 11.01.2018
Edition 1st. ed.
Language: English
isbn 9788177084627
length 192p.