Impact of full convertibility on the banking industry by B. Kailash (Student Project) Kailash, B.

By: Kailash, B
Material type: TextTextPublisher: Ahmedabad Indian Institute of Management 1993Description: 48 p.Subject(s): Full convertibility | Banking | Project report (student)DDC classification: SP 1993/387 Summary: Finance minister is to announce in near future full convertibility of current account. Transactions like import of merchandise, services and export of merchandise, services etc lead to demand and supply of foreign exchange on the current account. The principle market facilities for foreign exchange are usually provided by the commercial banks. Indian banks affected by the introduction of full convertibility have been asking for a "fair playing ground" because they feel that foreign banks, have an undue advantage over the Indian banks due to the their inherent strength in terms of capitalisation and worldwide geographical spread. This means that the two possess different levels of ability to cope with the demands that full convertibility will make on them.
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Student Project Vikram Sarabhai Library
Students Project
Reference SP 1993/387 (Browse shelf) Not for loan SP000387

Submitted to Prof. A. N. Oza

Finance minister is to announce in near future full convertibility of current account. Transactions like import of merchandise, services and export of merchandise, services etc lead to demand and supply of foreign exchange on the current account. The principle market facilities for foreign exchange are usually provided by the commercial banks. Indian banks affected by the introduction of full convertibility have been asking for a "fair playing ground" because they feel that foreign banks, have an undue advantage over the Indian banks due to the their inherent strength in terms of capitalisation and worldwide geographical spread. This means that the two possess different levels of ability to cope with the demands that full convertibility will make on them.

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