The paper attempts to explain the association between Foreign Institutional Investor (FII) flows to Indian equity markets and option implied Volatility Index (VIX). Prior studies involving the relationship between FII flows and realized volatility provide contradictory findings and are largely...

Basel norms are designed to ensure safety and stability of the banking system at an international level. The norms were introduced in 1988 in the name of Basel I, which through subsequent and continuous modification has now taken the shape of Basel III. Indian banks being internationally active,...

The paper introduces a different viewpoint towards capital adequacy measurement of Indian commercial banks by applying Data Envelopment Analysis (DEA). DEA investigates the relative adequacy of core capital of the banks with respect to their risk-weighted assets corresponding to the three risk...

‘Fair value' of an asset or a liability refers to the amount at which such an asset could be exchanged, or the liability settled, between knowledgeable, willing parties, in an arm's length transaction. Although the growing irrelevance of historical cost-based accounting numbers in the...

This paper examines the resilience displayed by the spot indices S&P CNX Nifty, and two sectoral indices - CNX IT and Bank Nifty - of National Stock Exchange (NSE), one of the major stock exchanges in India, versus their respective futures contracts using Value-at-Risk (VaR) concept during...