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Working Capital Management

Working Capital Management

          
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About the Book

Efficient use of working capital has a direct bearing on profitability of an enterprise. Management of working capital assumes added significance in the context of small scale and medium sized industries in our country. In any economy, the financial sector plays a major role in the mobilisation and allocation of savings. Financial institutions, instruments and markets, which constitute the financial sector, act as a conduit for the transfer of financial resources from net savers to net borrowers. Banking system is an integral part of Indian financial sector. The industrial sector has the largest share in bank credit. The share of small-scale industries has also grown steadily. Indian banking industry is witnessing sweeping changes in the last one decades. This is redefining bank-customer relationship. Prior to financial sector reforms, commerical banks functioned in a regulated environment, with administered interest rate structure and quantitative restrictions on credit flows. There has been greater competition with the introductionof new private sector banks.In changing economic environment, manufacturing industries have to become environment, manufacturing industries have to become more competitive. They have to keep their costs in check. An efficient use of working capital would release the funds locked in current assets. Banks have been a major source of finance for these units and they do not have requistise size to approach capital markets directly. About Author : N.K.Jain, born in 1951 acquired his Graduation in Physics and Post Graduation in Management Studies from University of Delhi, Delhi. He was awarded V.K.R.V.Rao Gol Medal for standing Ist in the University in his M.B.A. examination. He obtained his doctorate of philosophy degree from Ch. Charan Singh Uniersityy, Meerut. He also did a CAIIB (Certified Associate of Indian Institute of Bankers) and his charter of CFA (Chartered Financial Analyst).Mr. Jain Started his career with Punjab National Bank as Management Trainee in 1973. He switeched over to Syndicate Bank in 1979 and continued in its service for fifteen years.After aquiring vast experience in Indian banking industry while working at different places in India, he switched over to academics in 1994. Presenlty he is in Jamia Hamdard as Professor and Head in the Department of Management Studies. He has been the Dean, Faculty of Management Studies and Information Technology of Jamia Hamdard. Contents : PrefaceAcknowledgementsAbbreviationsIntroductionFinancial SystemWorking Capital Finance and Banking PolicyWorking Capital Management-A Theoretical FrameworkAnalysis of DataConclusionsAppendiecesBibliographyIndex


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Product Details
  • ISBN-13: 9788176486804
  • Publisher: APH Publishing Corporation
  • Publisher Imprint: APH Publishing Corporation
  • No of Pages: 250
  • ISBN-10: 8176486809
  • Publisher Date: 01 Dec 2004
  • Binding: Hardback


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