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The Development Banks are a multilateral development financeinstitutions, created with the specific objective of meeting the financial requirements of the Indian industry, agriculture,export trade, small-scale sector, infrastructure, housing and strengthening the Indian Capital Market.
Over the years, Development Banks have contributed immensely as catalyst for development finance in promoting the economic and social development. In the process, they have also played a key rolein fostering and nuturing entrepreneurial spirit in the Indian economy.
A well-integrated structure of financial institutions has evolved in the country,comprising of 16 institutions at the National level, 64 at the state level and 22specialised financial institutions.
The final decade of the last century unleashed unprecedented competitive pressures on theIndian economy, fuelled by the twin forces of economic deregulation and technoloty. These forces transgormed the competitive dynamics in the Indian business environment, heralding the emergenceof new leaders in various segments, the materialization of new industries and services, and a secularshift towards platforms, coupled with the increasing globalization of the Indian economy, blurred the perimeters of conventional business paradigms.
These forces also shaped vast changes in the financial services sector, creating an era of continuous change. Theperios afforded exciting prospets, but also hitherto unknown risks, for the financial services industry.
Over the past few years, the transition in the Indian financial and banking environment, coupled with liberalization and changing market conditions, has led to a fundamental shift in the management`s approach to enhancing shareholder value.In this context, corporate governance has attained paramount importance for ensuring fairness, transparency, accountability and responsibility to all stakeholders.
The whole text has been discussed in 41 chapters grouped in 6 sections.
The whole study provides an insight into the varied facets of Development Banks and their unique role in the economy.
The study also provides a comprehensive and upto date data on Development Banking and strive to cater to the needs of teachers, students, bankers and others interested in this subject.
ISBN - 9789350247297
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Pages : 658
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