Finance Articles

Finance articles section focuses on various concepts of finance like budget, stock market and economics of various products & services. Apart from these articles on global financial institutions, different banking systems and topics of international importance in the field of finance are present.

Indian Commercial Banks & their Current Scenario 22 April 2017

In the financial stability report released by RBI as at end of June 2016, it is expected that gross bad loans at commercial banks in India could increase to 8.5% by March 2017, from 7.6% as compared to March 2016. “The macro stress test suggests that under the baseline scenario, the gross NPA may rise to 8.5% by March 2017,” the RBI noted in the report. “If the macro situation deteriorates in the future, the gross NPA ratio may increase further to 9.3% by March 2017.”


A Different Perspective to Growth After Demonetization 01 April 2017

In every ideal democracy, the government of the day will always take steps and measures which are necessary for the welfare of state. Therefore, the decisions of the government are generally for the public good, but the means and the mode used for their implementation determines the nature of policy. It is expected that the demonetization decision is only one of the several of a steps of a larger economic measure which the government is trying to implement. However, when it comes to eradicating black money, the decision needs to be supported by taking additional steps like imposing stringent tax laws and action against benami properties and more emphasis on cashless transactions. Only then it will have the desired impact.


Westside - Business Insights, Trends and Future Plan 01 March 2017

Westside is a retail chain operated by Trent that is the retail arm of the TATA group. Westside offers a predominantly exclusive brands model across women’s wear, menswear, kids’ wear, footwear, lingerie, cosmetics, perfumes and handbags, household furniture and accessories. Although Westside’s sales have been growing steadily for the last five years, it is still lagging in competition with some other Indian retail stores like Pantaloons.


Bankruptcy Code in the Indian Financial System 02 February 2017

Recently the government has passed a historic bill: Insolvency and Bankruptcy Code (IBC) to amend and consolidate existing law on bankruptcy, and to create a unified legal framework. Before discussing the details of IBC and analysing its impact, first we must examine the current scenario of NPA across banks and the different loan recovery processes, in order to build the ground for the bankruptcy code.


Plastic Money- From ‘Less-Cash’ to ‘Cashless’ Economy 10 January 2017

Plastic money signifies hard plastic cards that are used to facilitate cash-less transactions, without requirement of physical paper currency. In India, banking sector has kept pace with the advent of Liberalization, Privatization and Globalization and has seen many technological advances in the form of innovative products and methods like plastic cards, mobile banking and internet banking. Plastic cards have become a key element of electronic banking. Through plastic money, the barter system which uses money as medium of exchange has been redefined and exchange can be done electronically without requirement of hard currency. Some of the important variants of plastic cards include ATM cards, debit cards, credit cards and other smart cards.


Economic Reforms in India- History and Trends 04 January 2017

The year 1991 will be recalled as a watershed in the economic history of India when major economic reforms were introduced. The liberalization, privatization and globalization (LPG) were the three pedestals of reforms. The motive of liberalization was to liberate the economy from the shackles of licence-raj which was putting a drag on the potential of economic growth. Before 1991, the government had apparently limitless control over every factor of economic activity. Privatization called for the disinvestment of the loss making public sector enterprises which were a burden on exchequer.


Demonetization-A Historical Step for India’s Economy 08 December 2016

The initiative of demonetization taken by the Prime Minister of India Shri Narendra Modi on 8 November 2016 is a historical step in the history of India’s economy. Demonetization is a process in which the currency which is in circulation in the economy seizes to exist i.e the currency is no longer a legal tender. This is done to bring new currency in circulation by replacing the old currency. The policy to issue currency in the economy is regulated by Reserve Bank of India under Reserve Bank of India Act, 1934.