Presence of NPAs indicates asset quality of the balance sheet of a bank/institution and hence future income generating prospects. This also requires provisioning which has implications with respect to capital adequacy. Declining capital adequacy adversely affects shareholder value and restricts...

The literature has extensively deliberated on the relationship between financial sector growth and real sector growth. To extend the logic, rural financial growth should drive rural sector growth and should also be driven by it. However, the paper highlights that there are major realistic...

This paper presents an aggregative open-economy macro model for a developing economy facing a binding foreign exchange constraint. The model is not in the neoclassical tradition; it instead uses a Keynes-Kalecki framework of analysis to incorporate the features of such economies. The author has...

The paper evaluates the state of the corporate bond market in India and tries to understand the reasons for its subdued state. It shows that, unlike the government securities market, there is no incentive for either the buyers or the sellers of corporate debt securities to participate in this...