Few financial market phenomena have received as much attention as the underpricing of Initial Public Offerings (IPOs). There remains little consensus as to why this underpricing persists, whether it is 'bad', and how sustainable it is. Even the weakest form of the efficient market hypothesis...

With increased competition and removal of entry barriers, banks today are confronted with the question of survival. There is increasing need for greater innovation on the deposit mobilization front and to simultaneously invest greater capital in speedier money transfer mechanisms, innovative...