Headed for mergers
Article Abstract:
The Reserve Bank of India (RBI), the country's central bank, is implementing reforms of the banking system designed to eliminate weak productivity, bad loans and insufficient capital reserves. The reforms, featuring a new system for reporting annual accounts, caused 11 of the country's 28 public sector banks to report losses in the year ending Mar 1993. Public sector banks are dominant in India. Some observers fear that the RBI's reforms may not be enough to revive the banking system. A wave of bank mergers is possible as banks strive to head off failure.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Open house in India: investment reforms get a qualified welcome
Article Abstract:
Direct foreign institutional investment in India was finally allowed on Sep 14, 1992. The announcement has attracted several investment bankers eager to form partnerships with local companies and merchant banks. Before the new policy was announced, foreign investment in India was limited to country funds and global depositary receipts of Indian companies. However, foreign bankers appear to be more inclined to promote Indian global equity issues rather than enter into the local stock market.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Sanctions, so what?
Article Abstract:
India is seeking to prove that US and Japanese sanctions will not stop it attracting foreign investment. It is particularly looking to attract funds from Indians living abroad, and for this reason has launched Resurgent India Bonds denominated in foreign currency. These are available only to Indian investors. It is anticipated that between 40% and 50% of the deposits will be raised from Southeast Asia and the Middle East, with a further 25% coming from the 1 million Indians based in the US.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Hair trigger. Indian computing power. Foreign extraction
- Abstracts: Shady commerce. Chasing the Lion. Good samaritans
- Abstracts: Badla bet goes bad. Strictly business; Unilever merges Indian units, sans politics. Bombay bombshell: banks in turmoil over securities scandal
- Abstracts: Clouded vision: agency divisions hamper intelligence effort. The ultimate game
- Abstracts: Classifying early product life cycle forms via a diffusion model: problems and prospects. A comment on "Classifying early product life cycle forms via a diffusion model: problems and prospects" by Balasubramanian and Ghosh