The Routledge Handbook of Indian Banking and Finance

Banking and finance has emerged as a leading sector of the Indian economy. Notwithstanding this, due to its technical nature, the sector has by and large remained outside the purview of the uninitiated readers. The Routledge Handbook of Indian Banking and Finance is devoted to analytical accounts of various aspects of Indian banking and finance and tries to address this vacuum.Written in non-technical language by prominent academics and industry experts, each chapter explores the basic tenets and current challenges within Indian banking and finance across three core areas: institutions, markets, and regulation. Institutions cover issues relating to commercial banks, co-operative banks, technological aspects of banking, mutual funds, insurance, or financial inclusion. Various markets are covered as well, and these include equity, bond, commodities, private equity, forex, money, real estate finance, or alternative assets. The regulatory section addresses the regulation of banking, the risk management practices and norms in the banking sector, insurance, pension funds, the securities market, and the role of government in finance. The chapters provide a comprehensive narrative tracing the evolutionary chronicle of a particular segment of the financial sector while delving into current issues and speculating on the shape of things to come.Offering comprehensive coverage, this book will be a go-to resource for beginners and specialists alike. It will be of interest to those working with corporate finance, banking, finance, economics, business and industry, management and marketing, and banking- and finance-related law.

About the Author

Partha Ray is Director of the National Institute of Bank Management, Pune. He was Professor of Economics at the Indian Institute of Management (IIM) Calcutta for nearly a decade. During 2007–2011 he was Adviser to the Executive Director (India) at the International Monetary Fund. Earlier (during 1989–2006) he was working in the specialist cadre of economists in the RBI. Educated in Kolkata, Mumbai, and Oxford, he has written extensively on issues relating to various macroeconomic and financial issues.

Ashok Banerjee , a chartered accountant and PhD, joined IIM Udaipur as Director on 1 August 2022. Previously, he was a professor (finance and control) at IIM Calcutta for almost 18 years and at IIM Lucknow for 4 years. His current areas of research include high-frequency finance and sentiment analysis. Ashok has served as an independent director on the boards of companies in the healthcare, entertainment, and financial services sectors.

Sankarshan Basu is a PhD from the London School of Economics and Political Science and a master’s degree holder from the Indian Institute of Technology, Kanpur. Currently, Sankarshan is a professor of finance at the Indian Institute of Management Bangalore, where he has been a faculty since 2002. Apart from being active in both teaching and research, he serves on the boards of banks and companies in the financial sector.