Emerging needs of institutional banking in India by Ayan Chatterjee and Shantanu Chakraborty (Student Project)
Material type:
- SP 1993/367
Item type | Current library | Collection | Shelving location | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Student Project | Vikram Sarabhai Library | Reference | Students Project | SP 1993/367 (Browse shelf(Opens below)) | Not for loan | SP000367 |
Submitted to Prof. G. S. Gupta
The Indian capital market which had been lying dormant in the seventies experienced a sudden boom in the eighties. The size of the market had transformed. Turnover and market capitalisation have been at an all time high. Market capitalisation however as a percentage of GDP is still very low compared to other countries. Despite the increse in volumes there has been no corresponding increase in supply of good securities. Because of the dominant equity holding of financial institutions in most large companies, the situation has evolved largely. The predominant instrument is equity based in the Indian Market. Hybrid instruments like PCDs have gained acceptance because of the attraction of the equity component, despite a coupon rate typically lower than the market rate.
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