HPH Modern Banking and Working Capital Management by Dr. Dhiraj Sharma

The book provides a framework for systematic understanding of the most important short-term financial management problems that business firms faces in routine. The book provides foundations of the basic financial theory, rather than just an introduction to the tools, techniques and formulae of working capital management.Modern Banking and Working Capital Management deals with both Banking and Working Capital areas independently by focusing on the necessary foundations and fundamentals of each area and at the same time not ignoring their inter-relationships-thus also provide the basic and procedural knowledge about their integration and applications. The present book exhaustively deals with Indian banking system and structure taking into consideration the most recent developments and changes. At the same time, the book focuses on corporate`s major requirement that is working capital financing and management. The combined major resources making up current assets are the working capital of a company. It is very important to look at the overall size of the working capital in order to verify that sufficient resources have been devoted for that purpose. The management of the working capital can make the difference between business survival and business failure. Further, financing working capital can be very costly, so the proper management of working capital is of vital importance.