Driven by higher profit incentives, banks' marketing strategies have tended increasingly to exclude sections of the retail market on socio-economic lines. Ironically, these strategies are now seen to have profitability and social responsibility implications. Little previous attempt has been made...

A body of evidence accumulated over the past several years, via different methods and estimation techniques, using firm –and household-level data, across many regions and countries show that finance matters for growth. Yet the role of finance in fostering growth in the Pacific, ironically, a...

Banks in the small island developing states of the Pacific have not only survived the Global Financial Crisis but remain strong and profitable raising the question: what determines the strong profitability of banks in the PICs? Moreover, despite the large and extended literature on the subject,...

Does finance really lead to economic growth? A growing strand of literature finds positive and strong link between finance and growth. On the other hand, research has also questioned the robustness of the finance – growth nexus. Generally, however, there is some consensus that finance –...

In this paper, an attempt has been made to model the volatility of NIFTY index of National Stock Exchange (NSE) and forecast the NIFTY stock returns for short term by using daily data ranging from January, 2000, to December, 2014, which comprises 3736 data points for the analysis by using...

The study investigates the relationship between the foreign direct investment (FDI) and Gross Domestic Product (GDP) over the period 1975-2013. Granger causality test & Johansen's co-integration test have been applied to explore the direction of causality & long run relationship between the...

This paper investigates weak form of efficiency in Indian equity market. For this purpose, informational efficiency of National Stock Exchange of Indian's indices i.e. NIFTY, bank NIFTY and IT NIFTY is examined. The NSE indices returns under the study do not confirm to normal distribution. The...