2023, Vol. 4, Issue 1, Part A
Financial performance of Indian banking sector with special references to commercial bank
Author(s): Pritam Kumar Kejriwal
Abstract: Banks are an important part of the financial system. The performance of the banking sector is critical to the economy of the country. Bank regulation is important because banks are highly leveraged organizations and the risks that banks face are generally systemic risks. In the aftermath of the global financial crisis in 2008, the focus in most countries is to promote healthy financial institutions and provide financial stability to the economy. A globalized and extremely competitive banking environment has brought in new challenges to the Indian banks, more risks and a renewed focus on the regulation of the Indian banking sector. Performance measurement plays an important role in an organisation. A performance measurement model helps to align goals to strategy, monitor and communicate and aids in driving organizational performance. Generally, performance measurement systems are financial in nature which are backward looking and assess the results obtained out of earlier actions. In today’s dynamic and competitive business environment, the measurement system has to assess not only profitability but also stability and sustainability of the organisation. Banking being a service industry has a mix of both intangible and tangible inputs which aid in improving performance. The Balanced Scorecard is a performance measurement system that incorporates the outcomes of the tangible and intangible factors leading to a more comprehensive assessment of performance.
Pages: 38-42 | Views: 657 | Downloads: 261
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How to cite this article:
Pritam Kumar Kejriwal. Financial performance of Indian banking sector with special references to commercial bank. Asian J Manage Commerce 2023;4(1):38-42.
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