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Financing India’s Trade under WTO regime and post RBI Road MAP 2005 with reference to Business Practices Models of Foreign Banks

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Listed:
  • Edurkar, Ashok
  • Shaikh, Dr.Atik Asgar

Abstract

In view of effective financing of domestic and foreign trade, foreign banks have been given more free hand in Indian banking sector after India’s accession to WTO. Under WTO regime, developed countries are seeking progressive removal of the limitations relating to further opening of branches and allowing establishment of wholly-owned subsidiaries. After 2005 RBI’s Road Map for foreign banks, which allowed fair competition and geographical expansion, foreign banks became aware of new strategic possibilities. Trade financing activity received new momentum as foreign banks are free to enter new markets either by acquiring existing competitor bank franchises or by opening one of their own set up under Wholly-Owned Subsidiary (WOS) model proposed by RBI. The aim of this paper is to assess the role of foreign banks operating in India specifically post RBI Road MAP 2005. Financing function of foreign banks is summarized in the form of allocation of advances, investments, India’s GDP figures and inflation rate during the period covering financial years 2003-04 to 2012-13.

Suggested Citation

  • Edurkar, Ashok & Shaikh, Dr.Atik Asgar, 2016. "Financing India’s Trade under WTO regime and post RBI Road MAP 2005 with reference to Business Practices Models of Foreign Banks," MPRA Paper 73869, University Library of Munich, Germany, revised 20 Sep 2016.
    • Handle: RePEc:pra:mprapa:73869
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    References listed on IDEAS

    as
    1. Saibal Ghosh, 2012. "Foreign Banks in India: Liabilities or Assets?," Economic Papers, The Economic Society of Australia, vol. 31(2), pages 225-243, June.
    2. Weller, Christian E., 1999. "The connection between more multinational banks and less real credit in transition economies," ZEI Working Papers B 08-1999, University of Bonn, ZEI - Center for European Integration Studies.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Finance; Financing Function; Foreign Banks; RBI Road MAP 2005;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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