Hariharan Ravi currently working as a Faculty of Commerce and Management at Presidency University. He has pursued Doctorate with specialization in Banking from Pondicherry University, Puducherry and M.Phil (Commerce), MBA.(Finance) Address: Pondicherry, Puducherry, India
This study investigates the existence of seasonality in India's stock market. The Efficient M... more This study investigates the existence of seasonality in India's stock market. The Efficient Market Hypothesis suggests that all securities are priced efficiently to fully reflect all the information intrinsic in the asset. The Seasonal Effects create higher or lower returns depending on the Time Series. They are called Anomalies because they cannot be explained by traditional asset pricing models. Studies on the Seasonal Effects in the Indian Stock Market are limited. In an attempt to fill this gap, this study explores the Indian Stock Market's Efficiency in the 'weak form' in the context of Seasonal Effects. The objective of this paper is to explore the Seasonal Effect on the Indian Stock Market. For the purpose this analysis selected companies and Sensex index was chosen for a period of fifteen years from 1st April 2000 to 31st March 2015. The study found that the Day of the Week Effect and Monthly Effect Pattern did not appear to exist in the Indian Stock Market d...
European Journal of Tourism, Hospitality and Recreation, 2017
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities, one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Technology is the integration of technical skills, methods, processes and knowledge which are app... more Technology is the integration of technical skills, methods, processes and knowledge which are applied in streamlining the business operations with respect to products and services which are embedded in the business with computers, devices, machines and factories. Technological innovations influences business efficiency, productivity,costs, relationship with clients, retention of market share, customer satisfaction and growth. It has greater impact on the economy in various sectors of business.The paper has attempted to interpret the impact of technology in recreating the banking operations with respect to decision making, marketing, business growth, building robust customer support system, customer relationship management, resource allocation, offering unique banking products with exorbitant facilities.
Banks are the financial institutions offering wide range of financial services which plays a pivo... more Banks are the financial institutions offering wide range of financial services which plays a pivotal role in the development of an economy. Investment banking is one of the special segments in banking operations that facilitates capital formation along with financial consultancies in investment, advisory services, trading of securities, custodian services, asset management services, corporate actions etc. Indian banking sector has transformed into a promising sector to boost the economy and to stabilize the financial services post globalisation in the year 1991. Hence, it becomes important to analyse the investment banking services offered in India by Indian banks with reference to gap between economic development and role of front office services. The purpose of this paper is to identify the challenges, areas of improvement with respect to role of front office operated by Indian banks in strengthening the economy. The researcher has attempted to explore the paradigm shift in operat...
Boards of directors are instrumental in influencing banks’ effective performance through corporat... more Boards of directors are instrumental in influencing banks’ effective performance through corporate governance. They play a pivotal role in making critical decisions based on their skills, expertise knowledge. The composition of the directors in a bank influences the quality in addressing the issues, approaches to decision making. The researcher has considered various variables like return on assets, interest spread, return on assets, profit per employee etc., in identifying the significance of the same on the quality of functionality of the board. No of meetings, outside directors and size of board have impact on corporate governance in public sector commercial banks. However these factors have negative impact and less effective on performance. Keywords: Board of directors, Return on asset, Bankage and performance.
INTERNATIONAL JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES, 2018
Green refers to pure in quality as well as fair and just in dealings. Environmental problems have... more Green refers to pure in quality as well as fair and just in dealings. Environmental problems have become a major concern in today’s world. Consumer’s attitude has changed in buying the products. Green marketing is a much broader concept and it includes industrial goods and services, consumer goods, etc. It is a necessity that both consumers as well as businessmen abstain from harmful products. Thus, this paper analyzes the impact on consumer buying behaviour towards Green products in Bangalore City. A well structured questionnaire was prepared to collect one hundred respondents and simple random sampling technique had been used for this study. The findings of the study showed that most of the respondents (65 per cent) are female, 89 per cent of the respondents belong to the age group between 18-24. Therefore, product is the most influencing marketing element.
Bonds refer to a debt instrument which is issued by the financial institutions to finance various... more Bonds refer to a debt instrument which is issued by the financial institutions to finance various projects and activities. The central banks of various nations, large government financial institutions focus on capitalising on these securities due to credit worthiness and less risk factors. The portfolio is reconciled between custodian and investment banking firm on daily basis to verify the accuracy of books of accounts for cash and stock held. The purpose of this research is to identify the reasons and associated comprehensions for the discrepancies in books of accounts between custodian and investment banking firms in coupon due to entitlement of shares held at either of parties. Keywords: Entitlement, Bonds, OTC, SWIFT, Coupon and Reconciliation.
Over the years, Indian stock market has grown tremendously in terms of market turnover, market in... more Over the years, Indian stock market has grown tremendously in terms of market turnover, market indices and market capitalization. It features a developed regulatory environment, a modern market infrastructure, better allocation and mobilization of resources and a rapidly developing stock market. The application of other models and also examination of size effect for the portfolios along with seasonal anomaly will throw interesting light on the working of the an emerging market like India. The stock markets within a specific region as well as across different regions are found to be closely integrated, exhibiting uniform patterns of movement across different months and weeks. Stock markets within specific regions show no significant variation in volatility. However, there is significant variation in volatility in stock exchanges in different regions of the world. Hence, only a few companies selected on this study, future research will be focused on select with attempt to understand t...
PurposeThe study aim is to evaluate the contribution of Blockchain technology (Cryptobanking) usi... more PurposeThe study aim is to evaluate the contribution of Blockchain technology (Cryptobanking) using expected operating model (EOM) to address the pain points in reconciliation at middle and back-office operational levels in assessing the significance of this technology on return on investment.Design/methodology/approachA structured questionnaire was designed to collect primary data using a stratified sampling method from 120 respondents working in leading Investment banks operating in the geographical locality of urban Bangalore. Demographic variables, accounting variables, data reporting variables, approach variables, variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.FindingsThe results obtained confirm that there is significant difference in reconciliation with implementation of an innovative business process. Financial analysis is the highest predictor of ROI when integrated with...
Economic Value Added (EVA) is important because it is used as an indicator of how profitable corp... more Economic Value Added (EVA) is important because it is used as an indicator of how profitable corporation projects are and it therefore serves as an image of management performance. Stock price maximization is the most widely accepted objective of listed firms worldwide. The entire corporate decision-making framework revolves around this comprehensive framework. This study is expected to clarify the relationship between accounting and economic measures with share market value as a company's performance, and it could help to selected Sensex companies’ owners/managers in their making decision and increasing their performance. The variables chosen for the purpose of study like Economic Value Added (EVA), Earnings Per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), Return on Sales (ROS) and Market Value Added (MVA). The results indicates that economic growth rate in India as increased due to inflation, causing companies to spend more to adjust the level of economic growt...
Asia Pacific Journal of Innovation and Entrepreneurship, 2021
Purpose This study aims to analyze the importance of disruptive technological innovations on qual... more Purpose This study aims to analyze the importance of disruptive technological innovations on qualitative service delivery and their impact on the investment banks’ employee performance. Design/methodology/approach The cluster sampling method has been used to collect the primary data from the 250 respondents from foreign investment banks. Variables used are employee performance, service delivery, technology, security, operations, strategy and quality through chi-square, linear stepwise multiple regression analysis and correlation. Findings Storage network, operating cost, client reporting, cloud system and money laundering are the highest and most significant predictors of employee performance. Employee performance multiplies every unit with a strategic solution owing to positive and robust correlation (0.944). Fusion technology-based banks offer quality service to their clients. Originality/value A combination of artificial intelligence and blockchain ensures increasing automation t...
Asia Pacific Journal of Innovation and Entrepreneurship, 2019
Purpose The purpose of this study is to explore the financial sources and evaluate the credit fac... more Purpose The purpose of this study is to explore the financial sources and evaluate the credit facilities available to Tibetan entrepreneurs especially residing in the vicinity of the Karnataka district, India. The most significant problem is that lending rates are extremely high and there is a lack of professional skill to manage their operations. Availability of financial support is still a major barrier for established and potential Tibetan entrepreneurs in the growth of their enterprises. Design/methodology/approach A sample size of 115 respondents, belonging to the urban and rural districts of Karnataka were interviewed to collect the information as primary data. Correlation analysis, cluster analysis, one-way ANOVA and percent test have been applied for statistical analysis. The interest rate, bank loan, credit, savings, friends and relatives, corporate, retained profits and trade credit are the variables used for the research. Findings Personal savings, bank credit and bank lo...
Banks are automating their processes, migrating their infrastructure and applications to the clou... more Banks are automating their processes, migrating their infrastructure and applications to the cloud to create a seamless customer journey. Transformative technology has enabled banks and financial institutions to automate their operations based on advanced data-driven. Banks are adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations. These applications have been embraced by the investment banks as regulatory framework are failing to combat conventional way in combating against money laundering. Artificial Intelligence will focus on cognitive application in functional areas of business along with investment and compliance sectors of financial services industry. Adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations.
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities , one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities , one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Banks are the financial institutions offering wide range of financial services which plays a pivo... more Banks are the financial institutions offering wide range of financial services which plays a pivotal role in the development of an economy. Investment banking is one of the special segments in banking operations that facilitates capital formation along with financial consultancies in investment, advisory services, trading of securities, custodian services, asset management services, corporate actions etc. Indian banking sector has transformed into a promising sector to boost the economy and to stabilize the financial services post globalisation in the year 1991. Hence, it becomes important to analyse the investment banking services offered in India by Indian banks with reference to gap between economic development and role of front office services. The purpose of this paper is to identify the challenges, areas of improvement with respect to role of front office operated by Indian banks in strengthening the economy. The researcher has attempted to explore the paradigm shift in operations being performed, role of front office in economic development of the country accelerating various employment opportunities, increase in foreign exchange reserves, FDI, foreign exchange earnings, increase in GDP. It promotes in bridging the gap between economic development and the services offered at global markets, capital formation and wealth management. RBI must ensure there is more avenues offered to Indian banks to set up investment banking wings that infuses economic development as GDP increases due to huge contribution in service sector.
Bonds refer to a debt instrument which is issued by the financial institutions to finance various... more Bonds refer to a debt instrument which is issued by the financial institutions to finance various projects and activities. The central banks of various nations, large government financial institutions focus on capitalising on these securities due to credit worthiness and less risk factors. The portfolio is reconciled between custodian and investment banking firm on daily basis to verify the accuracy of books of accounts for cash and stock held. The purpose of this research is to identify the reasons and associated comprehensions for the discrepancies in books of accounts between custodian and investment banking firms in coupon due to entitlement of shares held at either of parties.
This article highlighted the financial reporting system using eXtensible Business Reporting Langu... more This article highlighted the financial reporting system using eXtensible Business Reporting Language, its benefit, need for the financial reporting system. The main objective of this system is to generate the International Financial Reporting System using XBRL. Sure Step Methodology has been used for implementing Microsoft Dynamics Navision. It is the official Software Process fro m M icrosoft for Dynamics Projects. The phases of Implementation and software specification used for XBRL reporting process also highlighted in this article. The XBRL reporting system process is exp lained with the help of data flow diagram, system flow diagram and entity relationship model diagram. XBRL taxono my, schema, import ing the schema fro m the source files, its link bases for XBRL financial report ing system and exporting the financial reporting document also exp lained in this article.
Technology is the integration of technical skills, methods, processes and knowledge which are app... more Technology is the integration of technical skills, methods, processes and knowledge which are applied in streamlining the business operations with respect to products and services which are embedded in the business with computers, devices, machines and factories. Technological innovations influences business efficiency, productivity,costs, relationship with clients, retention of market share, customer satisfaction and growth. It has greater impact on the economy in various sectors of business.The paper has attempted to interpret the impact of technology in recreating the banking operations with respect to decision making, marketing, business growth, building robust customer support system, customer relationship management, resource allocation, offering unique banking products with exorbitant facilities.
This study investigates the existence of seasonality in India's stock market. The Efficient M... more This study investigates the existence of seasonality in India's stock market. The Efficient Market Hypothesis suggests that all securities are priced efficiently to fully reflect all the information intrinsic in the asset. The Seasonal Effects create higher or lower returns depending on the Time Series. They are called Anomalies because they cannot be explained by traditional asset pricing models. Studies on the Seasonal Effects in the Indian Stock Market are limited. In an attempt to fill this gap, this study explores the Indian Stock Market's Efficiency in the 'weak form' in the context of Seasonal Effects. The objective of this paper is to explore the Seasonal Effect on the Indian Stock Market. For the purpose this analysis selected companies and Sensex index was chosen for a period of fifteen years from 1st April 2000 to 31st March 2015. The study found that the Day of the Week Effect and Monthly Effect Pattern did not appear to exist in the Indian Stock Market d...
European Journal of Tourism, Hospitality and Recreation, 2017
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities, one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Technology is the integration of technical skills, methods, processes and knowledge which are app... more Technology is the integration of technical skills, methods, processes and knowledge which are applied in streamlining the business operations with respect to products and services which are embedded in the business with computers, devices, machines and factories. Technological innovations influences business efficiency, productivity,costs, relationship with clients, retention of market share, customer satisfaction and growth. It has greater impact on the economy in various sectors of business.The paper has attempted to interpret the impact of technology in recreating the banking operations with respect to decision making, marketing, business growth, building robust customer support system, customer relationship management, resource allocation, offering unique banking products with exorbitant facilities.
Banks are the financial institutions offering wide range of financial services which plays a pivo... more Banks are the financial institutions offering wide range of financial services which plays a pivotal role in the development of an economy. Investment banking is one of the special segments in banking operations that facilitates capital formation along with financial consultancies in investment, advisory services, trading of securities, custodian services, asset management services, corporate actions etc. Indian banking sector has transformed into a promising sector to boost the economy and to stabilize the financial services post globalisation in the year 1991. Hence, it becomes important to analyse the investment banking services offered in India by Indian banks with reference to gap between economic development and role of front office services. The purpose of this paper is to identify the challenges, areas of improvement with respect to role of front office operated by Indian banks in strengthening the economy. The researcher has attempted to explore the paradigm shift in operat...
Boards of directors are instrumental in influencing banks’ effective performance through corporat... more Boards of directors are instrumental in influencing banks’ effective performance through corporate governance. They play a pivotal role in making critical decisions based on their skills, expertise knowledge. The composition of the directors in a bank influences the quality in addressing the issues, approaches to decision making. The researcher has considered various variables like return on assets, interest spread, return on assets, profit per employee etc., in identifying the significance of the same on the quality of functionality of the board. No of meetings, outside directors and size of board have impact on corporate governance in public sector commercial banks. However these factors have negative impact and less effective on performance. Keywords: Board of directors, Return on asset, Bankage and performance.
INTERNATIONAL JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES, 2018
Green refers to pure in quality as well as fair and just in dealings. Environmental problems have... more Green refers to pure in quality as well as fair and just in dealings. Environmental problems have become a major concern in today’s world. Consumer’s attitude has changed in buying the products. Green marketing is a much broader concept and it includes industrial goods and services, consumer goods, etc. It is a necessity that both consumers as well as businessmen abstain from harmful products. Thus, this paper analyzes the impact on consumer buying behaviour towards Green products in Bangalore City. A well structured questionnaire was prepared to collect one hundred respondents and simple random sampling technique had been used for this study. The findings of the study showed that most of the respondents (65 per cent) are female, 89 per cent of the respondents belong to the age group between 18-24. Therefore, product is the most influencing marketing element.
Bonds refer to a debt instrument which is issued by the financial institutions to finance various... more Bonds refer to a debt instrument which is issued by the financial institutions to finance various projects and activities. The central banks of various nations, large government financial institutions focus on capitalising on these securities due to credit worthiness and less risk factors. The portfolio is reconciled between custodian and investment banking firm on daily basis to verify the accuracy of books of accounts for cash and stock held. The purpose of this research is to identify the reasons and associated comprehensions for the discrepancies in books of accounts between custodian and investment banking firms in coupon due to entitlement of shares held at either of parties. Keywords: Entitlement, Bonds, OTC, SWIFT, Coupon and Reconciliation.
Over the years, Indian stock market has grown tremendously in terms of market turnover, market in... more Over the years, Indian stock market has grown tremendously in terms of market turnover, market indices and market capitalization. It features a developed regulatory environment, a modern market infrastructure, better allocation and mobilization of resources and a rapidly developing stock market. The application of other models and also examination of size effect for the portfolios along with seasonal anomaly will throw interesting light on the working of the an emerging market like India. The stock markets within a specific region as well as across different regions are found to be closely integrated, exhibiting uniform patterns of movement across different months and weeks. Stock markets within specific regions show no significant variation in volatility. However, there is significant variation in volatility in stock exchanges in different regions of the world. Hence, only a few companies selected on this study, future research will be focused on select with attempt to understand t...
PurposeThe study aim is to evaluate the contribution of Blockchain technology (Cryptobanking) usi... more PurposeThe study aim is to evaluate the contribution of Blockchain technology (Cryptobanking) using expected operating model (EOM) to address the pain points in reconciliation at middle and back-office operational levels in assessing the significance of this technology on return on investment.Design/methodology/approachA structured questionnaire was designed to collect primary data using a stratified sampling method from 120 respondents working in leading Investment banks operating in the geographical locality of urban Bangalore. Demographic variables, accounting variables, data reporting variables, approach variables, variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.FindingsThe results obtained confirm that there is significant difference in reconciliation with implementation of an innovative business process. Financial analysis is the highest predictor of ROI when integrated with...
Economic Value Added (EVA) is important because it is used as an indicator of how profitable corp... more Economic Value Added (EVA) is important because it is used as an indicator of how profitable corporation projects are and it therefore serves as an image of management performance. Stock price maximization is the most widely accepted objective of listed firms worldwide. The entire corporate decision-making framework revolves around this comprehensive framework. This study is expected to clarify the relationship between accounting and economic measures with share market value as a company's performance, and it could help to selected Sensex companies’ owners/managers in their making decision and increasing their performance. The variables chosen for the purpose of study like Economic Value Added (EVA), Earnings Per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), Return on Sales (ROS) and Market Value Added (MVA). The results indicates that economic growth rate in India as increased due to inflation, causing companies to spend more to adjust the level of economic growt...
Asia Pacific Journal of Innovation and Entrepreneurship, 2021
Purpose This study aims to analyze the importance of disruptive technological innovations on qual... more Purpose This study aims to analyze the importance of disruptive technological innovations on qualitative service delivery and their impact on the investment banks’ employee performance. Design/methodology/approach The cluster sampling method has been used to collect the primary data from the 250 respondents from foreign investment banks. Variables used are employee performance, service delivery, technology, security, operations, strategy and quality through chi-square, linear stepwise multiple regression analysis and correlation. Findings Storage network, operating cost, client reporting, cloud system and money laundering are the highest and most significant predictors of employee performance. Employee performance multiplies every unit with a strategic solution owing to positive and robust correlation (0.944). Fusion technology-based banks offer quality service to their clients. Originality/value A combination of artificial intelligence and blockchain ensures increasing automation t...
Asia Pacific Journal of Innovation and Entrepreneurship, 2019
Purpose The purpose of this study is to explore the financial sources and evaluate the credit fac... more Purpose The purpose of this study is to explore the financial sources and evaluate the credit facilities available to Tibetan entrepreneurs especially residing in the vicinity of the Karnataka district, India. The most significant problem is that lending rates are extremely high and there is a lack of professional skill to manage their operations. Availability of financial support is still a major barrier for established and potential Tibetan entrepreneurs in the growth of their enterprises. Design/methodology/approach A sample size of 115 respondents, belonging to the urban and rural districts of Karnataka were interviewed to collect the information as primary data. Correlation analysis, cluster analysis, one-way ANOVA and percent test have been applied for statistical analysis. The interest rate, bank loan, credit, savings, friends and relatives, corporate, retained profits and trade credit are the variables used for the research. Findings Personal savings, bank credit and bank lo...
Banks are automating their processes, migrating their infrastructure and applications to the clou... more Banks are automating their processes, migrating their infrastructure and applications to the cloud to create a seamless customer journey. Transformative technology has enabled banks and financial institutions to automate their operations based on advanced data-driven. Banks are adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations. These applications have been embraced by the investment banks as regulatory framework are failing to combat conventional way in combating against money laundering. Artificial Intelligence will focus on cognitive application in functional areas of business along with investment and compliance sectors of financial services industry. Adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations.
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities , one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Tourism industry plays a pivotal role in the economic development of a nation. This industry infu... more Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities , one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.
Banks are the financial institutions offering wide range of financial services which plays a pivo... more Banks are the financial institutions offering wide range of financial services which plays a pivotal role in the development of an economy. Investment banking is one of the special segments in banking operations that facilitates capital formation along with financial consultancies in investment, advisory services, trading of securities, custodian services, asset management services, corporate actions etc. Indian banking sector has transformed into a promising sector to boost the economy and to stabilize the financial services post globalisation in the year 1991. Hence, it becomes important to analyse the investment banking services offered in India by Indian banks with reference to gap between economic development and role of front office services. The purpose of this paper is to identify the challenges, areas of improvement with respect to role of front office operated by Indian banks in strengthening the economy. The researcher has attempted to explore the paradigm shift in operations being performed, role of front office in economic development of the country accelerating various employment opportunities, increase in foreign exchange reserves, FDI, foreign exchange earnings, increase in GDP. It promotes in bridging the gap between economic development and the services offered at global markets, capital formation and wealth management. RBI must ensure there is more avenues offered to Indian banks to set up investment banking wings that infuses economic development as GDP increases due to huge contribution in service sector.
Bonds refer to a debt instrument which is issued by the financial institutions to finance various... more Bonds refer to a debt instrument which is issued by the financial institutions to finance various projects and activities. The central banks of various nations, large government financial institutions focus on capitalising on these securities due to credit worthiness and less risk factors. The portfolio is reconciled between custodian and investment banking firm on daily basis to verify the accuracy of books of accounts for cash and stock held. The purpose of this research is to identify the reasons and associated comprehensions for the discrepancies in books of accounts between custodian and investment banking firms in coupon due to entitlement of shares held at either of parties.
This article highlighted the financial reporting system using eXtensible Business Reporting Langu... more This article highlighted the financial reporting system using eXtensible Business Reporting Language, its benefit, need for the financial reporting system. The main objective of this system is to generate the International Financial Reporting System using XBRL. Sure Step Methodology has been used for implementing Microsoft Dynamics Navision. It is the official Software Process fro m M icrosoft for Dynamics Projects. The phases of Implementation and software specification used for XBRL reporting process also highlighted in this article. The XBRL reporting system process is exp lained with the help of data flow diagram, system flow diagram and entity relationship model diagram. XBRL taxono my, schema, import ing the schema fro m the source files, its link bases for XBRL financial report ing system and exporting the financial reporting document also exp lained in this article.
Technology is the integration of technical skills, methods, processes and knowledge which are app... more Technology is the integration of technical skills, methods, processes and knowledge which are applied in streamlining the business operations with respect to products and services which are embedded in the business with computers, devices, machines and factories. Technological innovations influences business efficiency, productivity,costs, relationship with clients, retention of market share, customer satisfaction and growth. It has greater impact on the economy in various sectors of business.The paper has attempted to interpret the impact of technology in recreating the banking operations with respect to decision making, marketing, business growth, building robust customer support system, customer relationship management, resource allocation, offering unique banking products with exorbitant facilities.
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Papers by Dr. HARIHARAN RAVI