Performance of Rural Credit Schemes: Initiatives of Financial Inclusion for the Development of Rural Economy

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Performance of Rural Credit Schemes: Initiatives of Financial Inclusion for the Development of Rural Economy
Author Name:Raja Babu, K. Madhusudana Rao and Vissapragada Srinivas
Synopsis:
In Indian economy, agriculture sector plays a vital role and majority of the people depend on agriculture. In developing countries like India, 70% of the people are living in rural areas. Rural credit is very important for the development of rural economy and alleviation of poverty by providing credit facility to the poor and weaker section of the society. It is also helpful to meet their needs improving their standard of life and greater access to financial activities. There are many agencies providing rural credit. In India, there are delivery structures such as Commercial Banks, Regional Rural Banks (RRBs), Co-operative Banks and District Rural Credit Development Agency (DRDA) etc. These Institutions are having more than 1, 53,000 outlets which have been serving rural people. One for every outlet is serving 4,100 populations to deliver credit for poverty alleviation. The main objective of this study is to identify the reasons for financial exclusion in rural areas and to estimate the factors influencing informal borrowings of rural households. At present, the main challenges before rural credit institutions are poverty alleviation, flow of rural credit and building up the strength of co-operatives and regional rural banks.

Performance Appraisal of SBI – An Analytical Review

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Performance Appraisal of SBI – An Analytical Review
Author Name:N.V. Rathnam, P.V. Narasaiah and R. Neelima
Synopsis:
Indian banking sector has undergone a thorough change and remarkable transformation during the last two decades. The banking reforms implemented on the basis of the blue print provided by Narasimham Committee and other wide ranging supportive measures initiated and implemented by Government of India and RBI have contributed significantly to the enhancement of financial strength, intrinsic soundness, resilience and operational efficiency of banks. Banks in India have been showing stronger balance sheet footing with better asset quality in post reform period. The post-reform period has also witnessed advent of new players, product innovations and introduction of new instruments and new approaches to aggressive marketing of such new products. Banks presently operate in an increasingly deregulated and market driven competition of operational flexibility. State Bank of India leads the public sector pack, emerging as third in the overall banking and finance. State Bank of India is the largest bank in the country and has witnessed a great transformation in recent years. It has given private sector banks the run for their banks. Thanks to the adoption of state-of-the art banking technologies and introduction of best banking services on the technology front, State Bank of India is working on the linking of branch operations in under way as well as on new solutions for treasury business and risk management. In this paper, an attempt has been made to study the financial performance of State Bank of India. In view of this, the study is focused on deposit and advance; credit deployment; Gross NPAs and Net NPAs; Profitability; and Productivity of SBI during the period from 2007-08 to 2012-13.

Mobile Banking in India-Your Money in Your Pocket

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Mobile Banking in India-Your Money in Your Pocket
Author Name:Suresh Chandra Bihari 
Synopsis:
Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone. If technological revolution is at its peak, one of the notable sectors of the economy where technology is at it helm of affairs with respect to customer service is BANKING. Over the years, banking has transcended from a traditional brick-and mortar model of customers queuing for services in the banks to modern day banking where banks can be reached at any point for their services. In today's business, technology has been the predominant indicators of growth and competitiveness. The banking industry today is in its revolution. Information technology has basically been used under two different avenues in banking. One is communication and connectivity and other is business process. Today, banks have welcomed wireless and mobile technology into their boardroom to offer their customers the freedom to pay bills, planning payments while stuck in traffic jams, to receive updates on the various marketing efforts while present at a party to provide more personal and intimate relationships.

Economic Conditions of Agricultural Labourers-A Case Study in Nellore District in Andhra Pradesh

Vol. 9  Issue 2
Year:2014
Issue:Sep-Nov
Title:Economic Conditions of Agricultural Labourers-A Case Study in Nellore District in Andhra Pradesh
Author Name:B. Rambabu  
Synopsis:
The agriculture laborers are the most exploited and oppressed class in rural hierarchy. Before independence, their position was nothing better themselves. They were victims of not only economic exploitations, but also of social discrimination. If they fail to bow to the tunes of the masters, they were beaten up and tortured. By advancing small loans to them, the landlords often succeeded in trapping these poor people into their net and converted them into virtual slaves. This slavery continued from generation to generations and forced the agricultural workers to lead a watched existence of deprivation and oppression. Though the situation has improved to some extent during the last 67 years of independence, even now this class of agricultural workers are the poorest and resource starved class in rural areas.

Stock Return and Investor Sentiment: Evidence for Emerging Market

Vol. 9  Issue 2
Year:2014
Issue:Sep-Nov
Title:Stock Return and Investor Sentiment: Evidence for Emerging Market
Author Name:Amari Mouna and Jarboui Anis  
Synopsis:
Humans are constantly susceptible to cognitive errors and these create biases in their judgments. The main purpose of this paper is to determine how the sentiment of the small investors affects their decision making by examining their portfolio returns. The proposed model of this research uses the logistic regression analyses to examine this relationship. Investor's biases have been measured by means of a questionnaire comprising several items. As for the selected sample, it has been composed of 178 small investors actively trading on the Tunisian stock market. The findings show that the portfolio returns of the small investors were somehow influenced by behavioral biases and the results indicate that anchoring, familiarity, age and experience to be important contributory factors to the portfolio performance. This study has implications for the development of the portfolio performance of the individual investor. Also some psychological aspects of a theoretical nature could not be wholly approached in a complete empirical way. The paper pushes investors to make their financial decisions based on their financial capability and experience level and to avoid relying in their sentiment when making financial decision. This paper incites the government to establish training programmes aimed to develop the individual investor financial literacy and competency

Employee Perception on Industrial Relations Practices in ITC-ILTD of Andhra Pradesh

Vol. 9  Issue 2
Year:2014
Issue:Sep-Nov
Title:Employee Perception on Industrial Relations Practices in ITC-ILTD of Andhra Pradesh
Author Name:Alluri Balaji and V. Tulasi Das 
Synopsis:
Every business in the competitive world needs a kind of competitive advantage. The present strategy that is practised by all the entrepreneurs is revenue and profit maximization, and simultaneously cost cut strategy has been implemented, and it reduces labour force by implementing automation technique. This climate in the organization leads to or spoils the relations between employer and employees, because the nature of human behaviour is complex and dynamic, and it must be studied. Against this, the present study is undertaken to find out the perception of employees on industrial relations climate in the organization, by using constraints i.e. management-employee relations, employee commitment and responsibilities, nature of work, employee motivation climate, cooperation, resolving grievances, workers participation in management, welfare and working conditions. The data has been tested against the null hypothesis, and the result shows that by bringing significant improvements in these factors, a conductive climate can be achieved. However, different variables are required to be qualitatively enhanced for ensuring significant improvements in the classified factors.

Project Appraisal at Durgapur Steel Plant

Vol. 9  Issue 2
Year:2014
Issue:Sep-Nov
Title:Project Appraisal at Durgapur Steel Plant
Author Name:T. Koti Reddy and Praveen Sharma 
Synopsis:
This research paper studies the tools and techniques used in investment appraisal in Steel Authority Of India Limited using a live modernization project at SAIL “ the rebuilding of coke oven battery # 4”. It is observed that Investment decisions are the most important and crucial decisions of the corporate world owing to the large amount of risk involved. They affect the value of the firm and thus they need to be critically analyzed both technically and financially. To investigate the feasibility of a proposal, project appraisal techniques like Net Present Value (NPV) method, Internal Rate of Return (IRR) method and Sensitivity Analysis were employed. The authors opine that the NPV comes out to be `. 296.20 crores (posttax) and IRR 26.81% and 33.75% for post- tax and pre- tax respectively which is well above the hurdle rate, hence the project is feasible and recommended for implementation.