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India's Banking & Finance Sector in the New Millennium, Volume - 1 & 2
Hard bound books+CDs;  Pages :
2001 Edition; ISBN 81-7188-223-4 
2 Books + 2CDs -Price : Rs. 4995.00 ; US $ 399.00
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About the Book, About the Author(s)/Editor(s)/Contributors,
Contents in Detail, and other Ordering-Related information.
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About The Book :

A galaxy of eminent economists and financial experts including top bankers, have authored brilliant writings which appear as various chapters of these two volumes – that together present, crisp and authoritative overview of some of the latest and the most challenging issues...



Volume -1
1. Introduction
2. Macro-Economic and Monetary Developments in 2000-2001
3. Central Banking Independence
Bimal Jalan
Governor, Reserve Bank of India, Mumbai.
4. Central Banking in the New Millennium
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
5. Whither Central Banking ?
Charles A.E. Goodhart
Professor of Banking & Finance, London School of Economics, London, U.K.
6. Central Banking : Policy Issues at the Frontiers
S.S. Tarapore
Ex-Dy. Governor, Reserve Bank of India, Mumbai.
7. Targets, Instruments and Institutional Arrangements for an Effective Monetary Authority
Willem H. Buiter
Chief Economist, European Bank for Reconstruction & Development 
Anne C. Sibert
Professor of Economics, Birkbeck College, University of London.
8. Monetary Policy Today, Tomorrow and the Day After
S.S. Tarapore
Ex-Dy. Governor, Reserve Bank of India, Mumbai.
9. Challenges for Monetary Policymakers 
Alan Greenspan
Chairman, Board of Governors, US Federal Reserve System
10. Monetary and Credit Policy 2001-2002 
Statement by Bimal Jalan
Governor, Reserve Bank of India, Mumbai.
11. Financial Stability and the Role of Banks
S.P. Talwar
Dy. Governor, Reserve Bank of India, Mumbai.
12. Financial Stability : A Survey of the Indian Experience
Michael Debabrata Patra
Director, Deptt. of Economic Analysis & Policy, Reserve Bank of India.
Sunando Roy
Asstt. Advisor, Internal Debt Management Cell, Reserve Bank of India, Mumbai.
13. Reinforcing Financial Stability
14. Financial Stability in the light of Online-Banking and E-Commerce
Andrew Crockett
General Manager, Bank for International Settlement, Geneva, Switzerland; Chairman, Financial Stability Forum, Centre for Financial Studies , Johann Wolfgang Goethe University.
15. Capital Adequacy Requirements : An Analytical and Empirical Study
D.M. Nachane et al
Prof., Deptt. of Economics, University of Mumbai
16. Public Sector Banks : The Core Issues
N.A. Mujumdar
Ex-Principal Advisor, Reserve Bank of India.
17. Universal Banking and Beyond
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
18. Urban Cooperative Banks : Problems and Prospects
Jagdish Capoor
Dy. Governor, Reserve Bank of India, Mumbai.
19. Future of Rural Banking
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
20. Corporate Governance in Banking and Finance
S.P. Talwar
Dy. Governor, Reserve Bank of India, Mumbai.

Volume -2
1. Financial Market Structure in India.
2. Current Developments in Money and Government Securities Market
  P.R. Gopala Rao
Executive Director, Reserve Bank of India, Mumbai.
3. Managing Public Debt and Promoting Debt Markets in India
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
4. Ingredients for a Sound Development of the Debt Market
S.S. Tarapore
Ex-Dy. Governor, Reserve Bank of India, Mumbai.
5. Developing Government Securities Markets
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
6. Bond Financing and Debt Stability : Theoretical Issues and Empirical Analysis
Vivek Moorthy et al
Prof., Indian Institute of Management, Bangalore.
7. Capital Account Liberalisation and Controls : Lessons from the East Asian Crisis
C. Rangarajan
Governor, Andhra Pradesh; Ex-Governor, Reserve Bank of India, Mumbai
A. Prasad
Asstt. Advisor, Deptt. of Economic Analysis and Policy, Reserve Bank of India, Mumbai
8. Operationalising Capital Account Liberalisation : The Indian Experience
  Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
9. Capital Account Convertibility Revisited 
  S.S. Tarapore
Ex-Dy. Governor, Reserve Bank of India, Mumbai.
10. Development of Forex Market : Indian Experience 
Y.V. Reddy
Dy. Governor, Reserve Bank of India, Mumbai.
11. Financial Institutions in India
12. Non-Banking Financial Companies
13. Financial Development and Economic Growth in India
14. Financial Sector Efficiency
15. International Financial Architecture : Developing Countries Perspective
  Bimal Jalan
Governor, Reserve Bank of India, Mumbai.
16. Financial Management of Globalisation : IMF and Developing Countries
  Arjun Sengupta
Ex-Member, Planning Commission, Govt. of India; Professor, Jawaharlal Nehru University, New Delhi.
17. Globalisation and International Financial Environment
Gazi Ercel
Governor, Central Bank of the Republic of Turkey
18. World-wide Tendencies in Financial System
  Jean-Claude Trichet
Governor, Bank of France
19. The Impact of IT Innovation on Financial Systems
  Masaru Hayami
Governor, Bank of Japan, Tokyo
20. Agenda for Financial Sector Reforms
  N.A. Mujumdar
Ex-Principal Advisor, Reserve Bank of India.
Contents of The 2 CDs
  1. Monetary and Credit Policy 2000-2001 
    (44 pages)
  2. Macro-Economic and Monetary Developments 1999-2000
    (59 pages)
  3. Mid term Review of the Monetary & Credit Policy, October 10, 2000
    (44 pages)
  4. RBI Report on Currency and Finance 1999-2000, January 2001
    (164 pages)
  5. Report on Trend & Progress of Banking in India, 1999-2000, November 2000
    (240 pages)
  6. RBI Annual Report, August 2000
    (242 pages) 
  7. Report of Sabanayagam Committee on Nidhis, 2001
    (24 pages) 
  8. Report of the RBI Technical Group, on Phasing out of Non Banks from Call / Notice Money Market, March 2001
    (24 pages) 
  9. Report of the Advisory Group on Transparency in Monetary and Financial Policies, September 2000
    (35 pages) 
  10. Interim Report of the Advisory Group on Bankruptcy Law, January 2001
    (48 pages)
  11. Banking Companies (Acquisition and Transfer of Undertakings) & Financial Institutions Laws (Amendment Bill 2000)
    (15 pages)
  12. Report of the Working Group on Discounting of Bills, RBI, September 28, 2000
    (69 pages)
  13. Report of the Advisory Group on Banking Supervision
    (10 pages) 
  14. Report of the Working Group on Restructuring Weak Public Sector Banks, October 1999
    (157 pages)
  15. Report of the Task Force to Study the Co-operative Credit System & Suggest Measures for its Strengthening, August 2, 2000
    (77 pages)
  16. Report of the Advisory Group on Payment & Settlement System, Part-1, September 27, 2000 and Part II, Jan. 16, 2001
    (18 pages)
  17. A New Capital Adequacy Framework : Comments of the RBI, May 2000
    (55 pages) 
  18. Asset Securitisation: Report of the In-house Working Group, December 29, 1999
    (140 pages)
  19. Report on Technology Upgrada-tion in Banking Sector, May 1999
    (72 pages) 
  20. Deposit Insurance in India : Report on Reforms, October 1999
    (81 pages)
  21. Core Principles for Effective Banking Supervision, RBI, 1999 (33 pages) 
  22. Report of the Committee on Urban Co-operative Banks, 1999 (97 pages) 
  23. Risk Management System in Banks, RBI, 1999
    (39 pages)
  24. Guidelines for Gold Deposit Scheme, 1999
    (15 pages)
  25. Credit Rating Agencies Regulation, 1999
    (19 pages)
  26. Narasimham Committee Report on Banking Sector (April 6, 1998)
    (44 pages) 
  27. Report of High Level Committee on Credit to SSI, RBI, 1998 (Part I & II) 
    (70+68=138 pages)
  28. Principles for the Management of Credit Risk
    (38 pages)
  29. New Monetary & Liquidity Aggregates
    (15 pages)
  30. Asset Liability Management System, 1999
    (320 pages)
  31. Insurance Regulatory Authority Act, 2000
    (56 pages)
  32. Foreign Exchange Management Act (FEMA) 2000
    (239 pages)
  33. SEBI (Foreign Venture Capital Investor) Regulations 2000, September 15, 2000
    (13 pages)
  34. Report of the Advisory Group on Insurance Regulation :
    Part I (48 pages) & Part II (132 pages)
  35. SEBI: Venture Capital Funds Regulations, (Dec. 4, 1996) as Amended up to 3rd January, 2000
    (17 pages)
  36. SEBI Disclosure & Investor Protection Guidelines, 2000
    (180 pages)
  37. Mutual Funds Regulations SEBI, 2000 
  38. Buyback of Securities Regulations : 2000
    (21 pages)
  39. Report of K.B. Chandrasekhar Committee on Venture Capital, February 2000
    (43 pages) 
  40. Substantial Acquisition of Shares and Takeovers Regulations - 1997 (Updated till Jan. 3, 2000) 
  41. Report of the Standing Technical Committee of RBI & SEBI on “Bank Financing of Equities”
    (36 pages)
  42. Financial Companies Regulations Bill 2000
    (24 pages)
  43. Supervision of the Indian Financial System (RBI), December 2000
    (24 pages)
  44. Draft of Proposed Procedures and Code of Conduct for Prevention of Insider Trading July 27, 2000
    (23 pages)
  45. Foreign Venture Capital Investor Regulations, 2000
    (13 pages)
  46. Report of the Committee on Internet Based Securities Trading and Services (First Report) December 1999
    (13 pages)
  47. Report of the Task Force on Micro Finance, December, 1999
    (181 pages)
  48. Corporate Governance and International Standards - March, 2001 (Report of the Standing Committee on International Financial Standards and Codes)
    (90 pages) 
  49. Harmonising the Role and Operations of Banks and Development Finance Institutions, RBI, January 27, 1999
    (110 pages)
  50. Collective Investment Schemes Regulations: SEBI, 1999
    (103 pages)
  51. Report on Market Making, October 1999
    (33 pages)
  52. Rationalisation of Existing Margin 
    System, SEBI, 1999
    (6 pages)
  53. Report of the Eleven member Group on Primary Markets, 1998 (Chairman, Dr. Shankar Acharya).
    (20 pages)
  54. NBFCs: RBI Directions, 1998 (New Regulatory Framework Notifications)
    (48 pages)
  55. Narasimham Committee Report on the Financial System, First Report
    (71 pages)



Raj Kapila is the Director and Chief Editor of Academic Foundation, Delhi. He has written extensively and is also the author of the following publications: The Story of Industrialisation: Industries the World Over (1962), The Time Demands: A Politico-Economic Analysis of Present-day India (1966), India at Cross : After 25 years of Independence (1972). He co-edited with Dr. Uma Kapila, a six volume study entitled Understanding India’s Economic Reforms (AF, 1996). This was very well received and consequently led to the evolution of the concept of ‘‘Monthly Updates’’ on Indian Economy that eventually took the form of the present EDI series. Together, they have also edited Banking and Financial Sector Reforms in India (6 vols., 1998) and subsequently: Ongoing Developments in Banking and Financial Sector in India (4 vols., AF, 2000). Most recently, they have co-edited a book: India's Economy in the 21st Century (Academic Foundation, 2001) --- a collection of select articles by eminent economists.

Uma Kapila :

Uma Kapila is Reader in the Department of Economics, Miranda House, University of Delhi. She has been a keen student of current Indian economic problems and has been teaching this subject to undergraduate and post-graduate students for the last forty years.
As a teacher-fellow at the Centre for Advanced Studies, Delhi School of Economics (1976-79), Mrs. Kapila completed her Ph.D. on "Oilseeds Economy of India." She has also served on the Planning Commission Study Group on "Agricultural Strategies in the Eastern Region of India for the Seventh Five Year Plan" (Perspective Planning Division).
Dr. (Mrs.) Uma Kapila is the author of the book Oilseeds Economy of India (1982) published by the Institute of Economic Growth under their series "Studies in Economic Development and Planning." She is the editor of the widely read book entitled Indian Economy Since Independence, currently into its eleventh edition. Dr. Uma Kapila has, to her credit, well known textbooks on Indian economy that have been designed speci-ally keeping in mind the interests of university students. She is also the co-editor (along with Mr. Raj Kapila), of a number of publications mentioned earlier, that are focussed on current developments in Indian economy, banking & finance.

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