PADMALATHA SURESH

Complete list of published books / book chapters/ research articles/ magazine articles/ interviews

 

BOOKS

 

1. 2007, “ Management of Banking and financial services”, Padmalatha Suresh and Justin Paul, Pearson Education, https://www.pearsoned.co.in/paul-suresh

 

2. 2006, “Project finance – Concepts and Applications”, ed Padmalatha Suresh, Icfai University Press,

www.icfaipress.org

http://www.icfaipress.org/books/ProjectFinance_ovw.asp

 

 

BOOK CHAPTERS

1.      Suresh, Padmalatha., (2007). “An alternative model for infrastructure funding” - article reprint. Infrastructure development: Issues and country experiences.

2.      Suresh, Padmalatha., (2007). “Infrastructure Growth in developing countries: role, issues and challenges”- article reprint. Infrastructure development: Issues and country experiences.

3.      Suresh, Padmalatha., (2007). “Airport Privatization and Financing: Experiences from countries and lessons for India” - article reprint Infrastructure development: Issues and country experiences.

4.      Suresh, Padmalatha., (2007). “Is Public Private Participation in Infrastructure losing its sheen?” – article reprint - Infrastructure development: Issues and country experiences.

5.      Suresh, Padmaltha., (2007). “Assessing the Economic Impact of infrastructure projects- the ERR” –article reprint - Infrastructure development: Issues and country experiences.

6.      Suresh, Padmalatha., (2007). Airport Privatization and Financing: Experiences from countries and lessons for India - article reprint. Privatization - Global perspectives.

7.      Suresh, Padmalatha., (2007). Airport Privatization and Financing : Experiences from countries and lessons for India - article reprint. (in press), India's Transport Sector - An Introduction.

8.      Suresh, Padmalatha., (2007). Structure matters in Project finance - article reprint.  Structured Finance: An Introduction.

9.      Suresh, Padmalatha., (2006). Budget: Overcoming roadblocks to growth- article reprint. Project finance- concepts and cases.

10.  Suresh, Padmalatha., (2006). Airport privatization- issues in Lending . Indian aviation industry: Opportunities and challenges.

11.  Suresh, Padmalatha., (2006). Airport Privatization and Financing: Experiences from countries and lessons for India - article reprint. Indian aviation industry: opportunities and challenges.

12.  Suresh, Padmalatha., (2006). Project Finance in Developing Countries :The importance of using project finance- article summary. Project finance- concepts and cases.

13.  Suresh, Padmalatha., (2006). Assessing the Economic Impact of infrastructure projects- the ERR. Project finance- concepts and cases.

14.  Suresh, Padmalatha., (2006). Structure matters in Project finance. Project finance- concepts and cases.

  1. Suresh, Padmalatha., (2006). The need to treat large projects differently. Project finance- concepts and cases.

16.  2006 - Web Publications:  Article titled 'Can Banks Ensure Eco-Friendly Economic Development?' published in Business line [ May 2006] republished on the web by www.ran.org , an international website for environmental protection

REFEREED ARTICLES

1.      Suresh, Padmalatha. (2006).  Assessing the Economic Impact of Infrastructure Projects - The ERR. Projects & Profits.

Assessing the Economic Impact of Infrastructure Projects: The Economic Rate of Return

Padmalatha Suresh

Abstract

Governments would be interested in supporting an infrastructure project only if the ‘social benefits’ exceed the ‘social costs’. This article explains why social returns are different from private returns, and outlines the difficulties in assessing the economic impact of very large projects. The focus of the article is on the Economic Rate of Return (ERR) used by Multilateral Institutions such as the International Finance Corporation (IFC) to evaluate the developmental impact of large projects. The stakeholder analysis for calculating the ERR has been elaborated, and the related issues dwelt upon. The article concludes that ERR can be evolved to be a useful tool for assessing the development impact of large infrastructure projects in the country.

2.      Suresh, Padmalatha. (2006).  Infrastructure Growth in developing countries-role, issues and chalenges. Icfai Journal of Urban Policy.

Infrastructure Growth in the Developing Countries: Role, Issues and Challenges

Padmalatha Suresh

Abstract

According to the World Bank estimation, the next 30 years will witness a growth that is double the size of the existing urban population in the developing countries. The phenomenon of increasing urbanization presents unique challenges to the developing countries grappling with multiple issues of population growth, economic development, and poverty reduction. The strong link between adequate provision of infrastructure services and economic productivity and growth has been emphasized time and again, by development economists and policymakers. It has been discovered that, while the state-spending on infrastructure has been curtailed due to fiscal and other pressures, the resulting deficiency in providing infrastructure services has had major adverse effects on growth, unless offset by an increase in private sector participation. However, the access rates to basic infrastructure are quite low and differ among the developing countries. This paper analyzes the reasons and concludes that low levels of private participation in infrastructure and huge funding needs are the main challenges for adequate infrastructure growth in developing countries; and that India has to bring about regulatory, financial, legal and social reforms to provide the required impetus to infrastructure growth.

3.      Suresh, Padmalatha. (2006).  Airport Privatization and Financing: Experiences from countries and lessons for India. ICFAI Journal of Infrastructure.

Airport Privatization and Financing – Country Experiences and Lessons for India

Padmalatha Suresh         

Abstract

Since the privatization of the British Airport Authority (BAA) in 1987, private sector participation in airport infrastructure has expanded and evolved by leaps and bounds. A well functioning air transport sector offers significant economic development benefits, contributing to poverty alleviation. When this sector starts making a positive contribution to the expanded economy, the respective governments could restrict their focus to safety and security regulation, along with competition policy and economic and environmental regulation. The commercial viability of operating airport infrastructure for the private sector arises from being able to price its services effectively, and the customers being able and willing to pay for these services. Airport Infrastructure privatization is promising to be a global mega trend, with more and more governments and private players being pushed in that direction. Most mature airports remain profitable through the vagaries of the airline industry, due to the fact that they earn a high proportion of their income from non-aeronautical revenues! Bangalore International

Airport Ltd is the first PPP Greenfield project in India. It has been recently project financed with substantial amount of bank funding. However, international experience suggests that the markets too have a greater role to play in airport financing. With airport privatization already gaining momentum, the government machinery, financing and contractual structures have to ramp up to keep pace.

 

4.      Suresh, Padmalatha. (2005).  Operational Risk Management in Banks: More Capital or Control? Professional Banker

Operational Risk Management in Banks More Capital or Control?

Padmalatha Suresh

Abstract

Operational Risk (OR) management has got its due attention recently. The management of operational risk requires more intuitive power because there are several instances which cause higher losses even though their frequency is too low. While capital is important for any unexpected operational shocks, extremely vital for operational risk is avoidance management..

5.      Suresh, Padmalatha. (2005).  Project Finance: The Need to Treat Large Projects Differently. Projects & Profits.

Project Finance: The Need to Treat Large Projects Differently

Padmalatha Suresh

Abstract

Large infrastructure projects are unique. Usually they take 5 to 7 years to structure, require huge upfront capital, comprise of mostly large and tangible assets, and have a very long life. The risks of such projects are different from those of capital investments for shorter time frames. Traditionally, the government was financing infrastructure projects. However, increasing under pressure, government finances are necessitating greater private participation in financing such projects. The article outlines the evolution of modern project finance and the global project finance market, contrasts it with conventional corporate financing, and concludes that project finance is relevant for India’s infrastructure development.

6.      Suresh, Padmalatha. (2005).  Structure Matters in Project Finance. Projects & Profits.

Structure Matters in Project Finance

-Padmalatha Suresh

Abstract

What are the structural attributes of project companies that enable them to find the financial and other resources for very large projects? Having found the resources, how do the project companies structure the project organization to take care of its long-term needs? How do project companies take care of the risks involved in constructing, financing and operating very large projects? What are the structural features of project companies that enable lenders and equity holders to invest substantial funds? This article summarizes the rationale for and various types of contracts and models that form the backbone of project financing transactions.

7.      Suresh, Padmalatha. (2005).  Airport Privatization: Look Before You Lend. Professional Banker

Airport Privatization: Look Before You Lend

Padmalatha Suresh

Abstract

Lending to Greenfield airport projects involves many risks like operational, political, completion, financial risk etc. Lenders before lending huge amounts to these projects need to do proper analysis of all risks. Banks should also check whether proper risk mitigation techniques are in place or not.

 

ARTICLES IN BUSINESS DAILIES

1.      Suresh, Padmalatha (2007) “Deriving new ways to finance infrastructure” The Hindu Businessline, May 10, 2007

http://www.thehindubusinessline.com/2007/05/10/stories/2007051000580800.htm

2.      Suresh, Padmalatha (2007) “How to bridge funding gap for infrastructure?” The Hindu Businessline, March 26, 2007

http://www.thehindubusinessline.com/2007/03/26/stories/2007032600150900.htm

3.      Suresh, Padmalatha. (2006).  Can banks ensure eco-friendly economic development? The Hindu Businessline, May 10, 2006.

http://www.thehindubusinessline.com/2006/05/10/stories/2006051002301100.htm

4.      Suresh, Padmalatha (2006).  An alternative model for infrastructure funding  Transferring loan assets from banks by pooling securities that can be sold to investors . The Hindu Businessline., Feb 24, 2006

http://www.thehindubusinessline.com/2006/02/24/stories/2006022401881100.htm

5.      Suresh, Padmalatha. (2005).  Greenfield airport projects - Time for private-public partnerships to take off . The Hindu Businessline. , July 29, 2005

http://www.thehindubusinessline.com/2005/07/29/stories/2005072900130800.htm

5. Suresh, Padmalatha. (2005).  Monetary Policy 2005-06 -Lending priority to infrastructure . The Hindu Businessline. , May 12, 2005

http://www.thehindubusinessline.com/2005/05/12/stories/2005051200020800.htm

6. Suresh, Padmalatha. (2005).  Budget: Overcoming Roadblocks to Growth. The Hindu Businessline., March 22, 2005

http://www.thehindubusinessline.com/2005/03/22/stories/2005032200810800.htm

7. Suresh, Padmalatha. (2004).  IIM imbroglio -A social cost-benefit perspective . The Hindu Businessline. , May 25, 2005

http://www.thehindubusinessline.com/2004/05/25/stories/2004052500421000.htm

8. Suresh, Padmalatha. (2004).  Beyond institutional marriages - Real issues in infrastructure financing . The Hindu Businessline., April 2, 2004

 http://www.thehindubusinessline.com/2004/04/02/stories/2004040200010800.htm

9. Suresh, Padmalatha. (2004).  SC verdict on Securitisation Act - More bark than bite? . The Hindu Businessline. , April 15, 2004

http://www.thehindubusinessline.com/2004/04/15/stories/2004041500120800.htm

10. Suresh, Padmalatha. (2006).  Project Finance in Developing Countries: The Importance of Using Project Finance [Article summary – Article by IFC]. Projects & Profits.

 

INVITED ARTICLES/ INTERVIEWS

1. Suresh, Padmalatha (2007), “Managing and measuring the risks- Airport privatization”, EPC- AGE, March 15- April 15, 2007 [invited article]

2. Siresh, Padmalatha (2007), “Credit risk models”, Chartered financial analyst, February 2007 [Interview]

3. Suresh, Padmalathaa, (2006) –“Veteran’s recipe for cracking the CAT”,  Interview by 'the Hindu' – October 25,  2006

http://www.hindu.com/2006/10/25/stories/2006102504870200.htm

4. Suresh, Padmalatha. (2006, September). Woman as entrepreneur.   Invited presentation at CII conference on Women empowerment, Trichy, India. Reviewed by all major newspapers – English and vernacular

http://www.hindu.com/2006/10/01/stories/2006100109380300.htm

http://www.hindu.com/2006/10/01/stories/2006100120040200.htm

5.. Suresh, Padmalatha. (2006).  Is Public Private Participation in Infrastructure losing its sheen? ICFAI Journal of Infrastructure., September 2006

Is Public–Private Participation in Infrastructure Losing its Sheen?

Padmalatha Suresh

Abstract

Modern infrastructure services play a vital role in economic growth and poverty alleviation. Prior to about two decades, most governments developed and delivered the requisite infrastructure services, or entrusted the responsibility to state-owned enterprises. But in many countries, the results were disappointing, and private sector participation was sought for resource availability and managerial expertise. Private sector investment in developing countries’ infrastructure peaked during the 1990s, and then started declining. The important issue here is to determine whether the apparent slowdown is a short-term phenomenon, or indicative of a major reverse shift from private participation to an entirely public sector-oriented model. This paper concludes that private participation in infrastructure would continue only if governments carry out substantial reforms in the regulatory, legal and financing frameworks of their countries, while de-risking the political environment in the interests of the countries’ economic development.

 

6. Suresh, Padmalatha. (2006).  It's boom time ahead. Project Monitor, May 2006

http://www.projectsmonitor.com/detailnews.asp?newsid=11193

7. Suresh, Padmalatha, (2005).  Interview by 'Project monitor' on SPV for funding infrastructure projects - Dec 2005

http://www.projectsmonitor.com/detailnews.asp?newsid=10023

7. Suresh, Padmalatha (2005). “Lenders have first right over  project cash flows”, Interview by Projects Monitor, October 17, 2005

http://www.projectsmonitor.com/detailnews.asp?newsid=9915

http://www.projectsmonitor.com/detailnews.asp?newsid=9916

8.      Suresh, Padmalatha, (2005):  Interview by 'Business World' on infrastructure financing- Issue dated January 31, 2005

9.      Suresh, Padmalatha, (2004). Interview by Chartered Financial Analyst on ‘Securitization Act’

SEMINARS/ CONFERENCE PAPERS

1.      Suresh, Padmalatha (2007), CDS in Infrastructure financing, Invited speaker at Seminar on Credit Default Swaps, organized by the Indian Institute of Capital Markets, Mumbai, May 19, 2007

2.      Suresh, Padmalatha. (2006). Project finance for infrastructure.   Invited Speaker at National Seminar on infrastructure financing, Chennai, organized by the Icfai Business School, January 20-21, 2006

3.      Suresh, P. (2006, February). Transport infrastructure in India and China: Has World bank made the difference?   Presented at IBS National Conference On Banking & Economics, Ahmedabad, India.

4.      Suresh, Padmalatha. (2004). Bank Mergers In India - Value add or risk add? IBS National Conference On Banking & Economics, Bangalore, India.