In a recent move, the Reserve Bank of India has approved the merger of IDBI (Industrial Development Bank of India) and IDBI Bank, which will happen in the month of October 2005. It is said that the merged entity would be the fifth largest bank in India after SBI (State Bank of India), ICICI...

The Japanese economy was seen as a role model for other emerging economies which were striving for consistent economic growth and it was all set to take over the US by the 1990s. However, Japan experienced structural problems that pushed the economy deep into stagnation. The economic growth of...

Ever since the economic reforms have begun in India in early ‘90s, the banking sector in India has made a tremendous progress and has come a long way since then. Unarguably, banks are the most important part of a country’s financial system. In India, till ’90s the banking sector was...

In the recent past, the ailing situation of finances of various states in India assumed utmost importance and attracted the attention of experts, analysts, policymakers and regulatory bodies. Many states initiated the reforms process to revitalize the poor condition of state finances. One such...

There has been deterioration in the finances of Andhra Pradesh over the last decade. The State is passing through a phase where the revenue generated is not sufficient to meet its expenditure. This creates scarcity of funds for investment in infrastructure. This paper studies the structure and...