Size, Being Optimally Placed for Resources, or Business Segment - Which is Important?
23 Pages Posted: 17 Jul 2006
Date Written: July 13, 2006
Abstract
This paper deals extensively with the rise and decline of a All India Development Finance Institution (DFI) in India. In the process it deals with the financial sector reforms that have been undertaken in India and the change in approach towards a market oriented economy, which affected this DFI. The various options that were there with the DFI is analysed and the basic need for DFIs in today's economy is questioned. The paper also demonstrates the basic areas that a financial intermediary needs to safeguard against for long term viability in a competitive financial system.
Keywords: Development Finance Institution (DFI), prudential norms, capital adequacy, sick industrial units, rehabilitation, merchant banking, treasury operations
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