- GOVERNMENT COLLEGE OF ENGINEERING AND LEATHER TECHNOLOGY
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The present paper tries to make an asset quality based ranking of select (28) Indian commercial banks (20 public sector and eight private sector commercial banks) for the five year period 2000–01 to 2005–06 using Data Envelopment Analysis... more
The present paper tries to make an asset quality based ranking of select (28) Indian commercial banks (20 public sector and eight private sector commercial banks) for the five year period 2000–01 to 2005–06 using Data Envelopment Analysis – a non parametric tool. The paper also compares the observed banks in terms of total factor productivity growth for the aforementioned period. The results obtained from the exercise indicate improvement in mean technical efficiency scores in 2004–05 relative to the previous four years. However, mean technical efficiency showed a declined in the next year. The observed private sector banks exhibited higher mean technical efficiency relative to the observed public sector banks for 2000–01 to 2003–04 (and 2005–06) while the reverse is true for 2004–05. The public sector banks, however, exhibit higher mean scale efficiency relative to the observed private sector banks. In so far as total factor productivity growth is concerned, the observed public sector commercial banks exhibited relatively higher Malmquist TFP growth than the observed private sector banks. However, the commercial banks, across ownership groups, exhibited negative mean total factor productivity growth. The negative growth (in real terms) may be the result of emphasis laid on off balance sheet activities on the part of the commercial banks
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Capital adequacy stipulations at the global level have become more demanding following the Basel Committee's initiative to introduce internal model-based capital charge. This article considers the three alternative... more
Capital adequacy stipulations at the global level have become more demanding following the Basel Committee's initiative to introduce internal model-based capital charge. This article considers the three alternative paradigms—Value at Risk (VaR), Expected Shortfall (ES) and Expected Excess Loss (EEL) that may be used to determine the regulatory capital. The study also articulates the methodology for dealing with the granularity problem. Furthermore, it outlines the Indian banking sector scenario in respect of capital adequacy for the period ...
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The present paper tries to make an asset quality based ranking of select (28) Indian commercial banks (20 public sector and eight private sector commercial banks) for the five year period 2000–01 to 2005–06 using Data Envelopment Analysis... more
The present paper tries to make an asset quality based ranking of select (28) Indian commercial banks (20 public sector and eight private sector commercial banks) for the five year period 2000–01 to 2005–06 using Data Envelopment Analysis – a non parametric tool. The paper also compares the observed banks in terms of total factor productivity growth for the aforementioned period. The results obtained from the exercise indicate improvement in mean technical efficiency scores in 2004–05 relative to the previous four years. However, mean technical efficiency showed a declined in the next year. The observed private sector banks exhibited higher mean technical efficiency relative to the observed public sector banks for 2000–01 to 2003–04 (and 2005–06) while the reverse is true for 2004–05. The public sector banks, however, exhibit higher mean scale efficiency relative to the observed private sector banks. In so far as total factor productivity growth is concerned, the observed public sector commercial banks exhibited relatively higher Malmquist TFP growth than the observed private sector banks. However, the commercial banks, across ownership groups, exhibited negative mean total factor productivity growth. The negative growth (in real terms) may be the result of emphasis laid on off balance sheet activities on the part of the commercial banks
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Inter-firm performance differences are influenced by several contextual variables, and managerial ability is one important factor that enables some firms to gain leadership positions in the market and helps them to sustain the advantage... more
Inter-firm performance differences are influenced by several contextual variables, and managerial ability is one important factor that enables some firms to gain leadership positions in the market and helps them to sustain the advantage over successive time periods. However, managerial ability is the cognitive capability which is not directly observable/measurable. In this article, an indirect estimate of managerial ability under a three-stage approach for 20 Indian general insurance companies based on 120 firm-year observations spread over the period 2012–2013 to 2017–2018 is provided. The three-stage estimation method for the measurement of firm-specific managerial ability includes data envelopment analysis (DEA)-goal programming, pooled regression, residual of the pooled regression, Ordinary Least Squares, and General Additive Model regression. Unlike other studies, in this study, DEA-goal programming method is considered to improve discriminatory power for proper classification of the Indian general insurance companies. The results indicate that the influence is statistically significant.
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ABSTRACT Benchmarking of Indian mutual funds is mostly based on ratio approach involving methodologies suggested by Sharpe and Treynor. The present paper employs Bootstrap Data Envelopment Analysis (DEA) for evaluating the performance of... more
ABSTRACT Benchmarking of Indian mutual funds is mostly based on ratio approach involving methodologies suggested by Sharpe and Treynor. The present paper employs Bootstrap Data Envelopment Analysis (DEA) for evaluating the performance of a few sectoral mutual fund schemes for the second half of 2010. The study uses input-oriented, output-oriented and graph hyperbolic measures of efficiency for the purpose of bootstrap DEA analysis. The computation is made in “R”.
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The present study estimated labour-use efficiency of 48 branches of Assam Gramin Vikash Bank at its branch level, covering three districts of Barak Valley, which falls under Silchar region of the bank for the time period from 2010–2011 to... more
The present study estimated labour-use efficiency of 48 branches of Assam Gramin Vikash Bank at its branch level, covering three districts of Barak Valley, which falls under Silchar region of the bank for the time period from 2010–2011 to 2017–2018. The study applied data envelopment analysis for estimating labour-use efficiency. In the second stage, the study applied censored Tobit regression for determining the impact of several contextual variables on efficiency. The study reveals that the mean labour-use efficiency score of the selected branches is 76% when averaged for the in-sample branches over the observation period. Results of the Tobit regression identified cluster 2 and total business of the branches as the significant factors for determining efficiency and the number of employees as a significant variable influencing inefficiency. JEL Classifications: G2, G20, G21, J3
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Performance evaluation studies of mutual funds operating in the Indian capital markets have mostly used ratio analysis involving methodologies suggested by Sharpe and Treynor. The present paper makes use of non-parametric endogenous... more
Performance evaluation studies of mutual funds operating in the Indian capital markets have mostly used ratio analysis involving methodologies suggested by Sharpe and Treynor. The present paper makes use of non-parametric endogenous benchmarking to evaluate the performance of 16 sectoral mutual fund schemes based on observations for the period July-December 2010. The study uses both the reward to variability and reward to lower partial moment framework for the measurement of pure technical efficiency and scale efficiency of the in-sample mutual fund schemes. The results indicate that 3 schemes achieved technical efficiency in the reward to variability framework while 2 schemes were found to be efficient if one uses the reward to lower partial moment framework.
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Increased competition coupled with commercialisation in the Indian microfinance sector has brought about many major transformations. From an impact-driven development programme, microfinance institutions (MFIs) today emerged as... more
Increased competition coupled with commercialisation in the Indian microfinance sector has brought about many major transformations. From an impact-driven development programme, microfinance institutions (MFIs) today emerged as commercially oriented profit-making entities. In addition to bringing their commercial and social objectives into balance, MFIs today are striving for efficient level of operation. Efficiency in the level of operation of MFIs allows them to remain competitive and attain financial sustainability. However, it is also imperative for MFIs to remain socially committed towards the ultimate mission of reaching the poorest at the bottom of the pyramid. Hence, it is of research interest to see the trade-off between MFIs’ social objective of spreading outreach and at the same time remaining financially sustainable. Against this backdrop, this article is devoted to study the potential impact of competition and commercialisation on efficiency of MFIs in India and Banglad...
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Efficiency studies relating to the Indian life insurance companies have so far used static one-period data envelopment analysis (DEA) models for the purpose of comparison of performance. A major weakness of the static framework is that... more
Efficiency studies relating to the Indian life insurance companies have so far used static one-period data envelopment analysis (DEA) models for the purpose of comparison of performance. A major weakness of the static framework is that the efficiency results are not inter-temporally comparable. In order to overcome this problem, the present study uses a dynamic slacks-based DEA model proposed by Tone and Tsutsui (2010) for performance evaluation of 15 in-sample life insurance companies for a seven-year period (2005–2006 to 2011–2012). The unique selling point (USP) of the present approach is that unlike the conventional static DEA models, the present framework, by using a link variable, connects the observed years and thereby creates a common benchmark. The results reveal significant fluctuations in mean technical efficiency over the period of observation.
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The paper discusses in brief the implications Basel II regarding assessment of credit risk in the commercial banking sector under both the standardized approach and the foundation and advanced Internal Rating Based Approach. The paper... more
The paper discusses in brief the implications Basel II regarding assessment of credit risk in the commercial banking sector under both the standardized approach and the foundation and advanced Internal Rating Based Approach. The paper also provides a brief review of some of the popular credit risk models and discusses the important issues relating to the integration of portfolio credit risk models with the risk bucket rule of BCBS (Basel Committee on Banking Supervision). Finally, the paper provides a brief overview of the RBI initiatives regarding migration to Basel II in the Indian context.
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ABSTRACT
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In view of the liberalisation of the Indian life insurance sector, the relative performance of the life insurance companies is of interest for both academician-researchers and policy makers. The present paper compares the technical... more
In view of the liberalisation of the Indian life insurance sector, the relative performance of the life insurance companies is of interest for both academician-researchers and policy makers. The present paper compares the technical efficiency (TE) of the major life insurance companies operating in India for the period 2005–06 to 2008–09 using the Charnes Cooper Rhodes (CCR) and Banker Charnes Cooper (BCC) envelopment model and the slacks-based measure model developed by Tone (2001). The results suggest that there still exist ...
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The traditional approach of portfolio benchmarking was developed by Markowitz (1952) with his Mean-Variance (M-V) model. The emergence of Capital Asset Pricing Model (CAPM), however, led to the introduction of indices provided by Sharpe... more
The traditional approach of portfolio benchmarking was developed by Markowitz (1952) with his Mean-Variance (M-V) model. The emergence of Capital Asset Pricing Model (CAPM), however, led to the introduction of indices provided by Sharpe (1966), Treynor (1965) and Jensen (1968). Nevertheless, these models suffer from two major shortcomings — one is the benchmark selection process and the other is the use of linear factor models such as CAPM. Moreover, the asset-pricing models assume constant beta coefficient over the sample period under study. But if fund managers adopt active fund management strategy known as market timing (Treynor and Mazuy, 1966; and Henriksson and Merton, 1981), an estimation bias will occur in case of benchmark models which in turn will make computed measures unreliable. The present study extends the portfolio evaluation framework provided by Sharpe (1966) and Treynor (1965) by including the parameter of market timing with the help of a non-parametric framework....
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ABSTRACT The present study extends the portfolio evaluation framework provided by Sharpe (1964) and Treynor (1965) by including the parameter of market timing with the help of a non-parametric framework. Data envelopment analysis has been... more
ABSTRACT The present study extends the portfolio evaluation framework provided by Sharpe (1964) and Treynor (1965) by including the parameter of market timing with the help of a non-parametric framework. Data envelopment analysis has been used in the present exercise to evaluate the performance 79 mutual funds schemes operating in India for three different phases using two different models. Estimation of technical efficiency on the basis of both the models suggests that period 2 performance is substantially divergent from period 1 and 3. Also, higher moments framework gives a better measure of performance as it accounts not only the standard risk measure but also for skewness and kurtosis characteristics of returns.
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While there are several studies regarding the technical efficiency of Indian general insurance companies, the field of profit efficiency remained relatively unexplored. The present study seeks to fill this gap. In the present article, two... more
While there are several studies regarding the technical efficiency of Indian general insurance companies, the field of profit efficiency remained relatively unexplored. The present study seeks to fill this gap. In the present article, two alternative ratio-based approaches have been adopted for the estimation of profit efficiency of Indian general insurers. The profit efficiency scores so derived are then decomposed in to revenue and cost efficiency components. In the final stage, the impact of several contextual variables on the efficiency scores are analysed. The data set for the present study includes information pertaining to 15 general insurance companies for the period 2011–12 to 2016–17. The outcome shows that the public sector insurers have done well in terms of revenue efficiency but needs to be concerned about cost efficiency. Further, the application of pooled ordinary least squares regression show that solvency ratio is an important explanatory variable of profit efficie...
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The paper compares 38 Indian commercial banks in terms of their fee-based activities and off balance sheet exposures using the assurance region model (a non-radial approach to data envelopment analysis). This approach avoids the problem... more
The paper compares 38 Indian commercial banks in terms of their fee-based activities and off balance sheet exposures using the assurance region model (a non-radial approach to data envelopment analysis). This approach avoids the problem of slacks by imposing restrictions on the shadow prices of inputs and/or outputs. The results available from the application of the assurance region model in the context of the Indian commercial banks (for measuring their technical efficiency in respect of fee-based activities) suggest a secular improvement in technical efficiency over the observed years. However, there are significant differences in mean technical efficiency across ownership categories (public and private sector commercial banks). Finally, there has been a significant shift in the returns to scale characteristics of the observed commercial banks during the period under observation.
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There was a paradigm shift in the competition scenario of the Indian commercial banking sector as a consequence of the initiation of banking sector reforms and opening up of the banking sector to the foreign participants in a gradual... more
There was a paradigm shift in the competition scenario of the Indian commercial banking sector as a consequence of the initiation of banking sector reforms and opening up of the banking sector to the foreign participants in a gradual fashion. The present paper benchmarks the performance of public sector, private sector and foreign banks operating in India for the period 2006-07 to 2010-11 through a ‘Dynamic Slacks-Based DEA Model’. The study also computes factor efficiency indicator for the output and link variables.
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Following the nationalization of 20 major commercial banks in 1969 and 1980, the government followed policies of financial repression up to the 1980s. During this period the public sector commercial banks had rapid expansion of branches,... more
Following the nationalization of 20 major commercial banks in 1969 and 1980, the government followed policies of financial repression up to the 1980s. During this period the public sector commercial banks had rapid expansion of branches, especially in the rural and semiurban areas and had reasonable success in the matter of deposit mobilization and disbursement of loans. However, the operating efficiency of public sector commercial banks, declined during the period due to various reasons. In the 1990s, the banking environment was radically transformed by certain bold initiatives taken by RBI including the dismantling of entry barriers, rate deregulation, introduction of prudential accounting norm and the implementation of Basel I capital adequacy norms. The changed competition and accounting environment compelled the commercial banks to provide unprecedented attention to cost cutting and supplementing fund-based income by fee-based income. In this backdrop, the present paper tries t...
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The paper seeks to compare the Indian commercial banks (for the reform period)in respect of their ability to generate income out of off balance sheet activities by using the Data Envelopment Approach. Further, the paper seeks to find out,... more
The paper seeks to compare the Indian commercial banks (for the reform period)in respect of their ability to generate income out of off balance sheet activities by using the Data Envelopment Approach. Further, the paper seeks to find out, in the context of a panel data framework, the impact of operating efficiency, capital adequacy and NPA incidence on the (off balance sheet ) risk taking behaviour of the Indian commercial banks. The results obtained from the non-parametric exercise show that the public sector commercial banks are lagging behind the private sector commercial banks in terms of off balance sheet activities. This is one area where the banks must pay adequate attention to improve their financial health. Further, almost all the commercial banks exhibited decreasing returns to scale which is not very encouraging for the banking sector. The econometric exercise indicates that off balance sheet activity is positively related to operating profit ratio and negatively related ...
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Subsequent to the passage of the Insurance Regulatory and Development Authority (IRDA) Act, 1999, the life insurance market in India underwent major structural changes in recent years. Between end-March 2000 and end-March 2005, the number... more
Subsequent to the passage of the Insurance Regulatory and Development Authority (IRDA) Act, 1999, the life insurance market in India underwent major structural changes in recent years. Between end-March 2000 and end-March 2005, the number of life insurance companies operating in India has increased from 1 to 15. As on March 31, 2005, the private sector life insurers enjoyed nearly 10% of the premium income and nearly 25% of the new business. In view of the changing scenario of competition in the life insurance sector, the paper compares 13 life insurance companies for the financial years 2002-03, 2003-04 and 2004-05 in respect of technical efficiency and changes in total factor productivity. For the purpose of computation of technical efficiency and total factor productivity, the net premium income of the observed life insurance companies has been taken as the output, and equity capital and the number of agents of insurance industries have been taken as the inputs. The results sugge...
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The paper compares 15 life insurance companies operating in India for 2005-06 to 2008-09 using the old and new revenue maximizing approach. The difference between the two approaches lies in the specification of the production possibility... more
The paper compares 15 life insurance companies operating in India for 2005-06 to 2008-09 using the old and new revenue maximizing approach. The difference between the two approaches lies in the specification of the production possibility set. In both the approaches, only the Life Insurance Corporation of India (LIC) was found to be efficient for the observed years followed very closely by Sahara life. However, since in the old approach, the technically inefficient firms are penalized very harshly, the grand mean technical efficiency score is less than 50% to that in the new approach.
The present paper estimates cost efficiency of the life insurance companies operating in India for the period 2005-06 to 2009-10 using Farrell and Tone's measure. In both the approaches it is seen that the mean cost efficiency exhibit... more
The present paper estimates cost efficiency of the life insurance companies operating in India for the period 2005-06 to 2009-10 using Farrell and Tone's measure. In both the approaches it is seen that the mean cost efficiency exhibit significant fluctuations during the period under observation implying significant divergence from the frontier. The study also decomposes the Farrell measure of cost efficiency into input oriented technical efficiency and allocative efficiency. Further the cost efficiency estimates were related (through a censored Tobit model) to product and channel composition of the in-sample insurance players.
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This study estimates Malmquist index of total factor productivity change of 14 major general insurers in India over the period 2009–10 to 2016–17 over 7 annual windows. The study decomposes total factor productivity index into its... more
This study estimates Malmquist index of total factor productivity change of 14 major general insurers in India over the period 2009–10 to 2016–17 over 7 annual windows. The study decomposes total factor productivity index into its constituent components, using several approaches including Färe et al. (1989, Productivity Developments in Swedish Hospitals: A Malmquist Output Index Approach. Carbondale: Department of Economics, Southern Illinois University; 1992, Journal of Productivity Analysis 3(1): 85–101), Färe et al. (1994, American Economic Review 84(1): 66–83), Ray and Desli (1997, American Economic Review 87(5): 1033–39) and Wheelock and Wilson (1999, Journal of Money, Credit and Banking 31(2): 212–23). Furthermore, the study uses bootstrap data envelopment analysis (DEA) method to obtain bias-corrected point and interval estimates of Malmquist index and its components. Finally, the study makes a comparison of productivity performance between public and private sector insurers....
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The Indian general insurance industry underwent major structural changes in terms of competition, economies of scale and scope and pricing during the last 15 years as a result of the deregulation of the insurance market since 1999. The... more
The Indian general insurance industry underwent major structural changes in terms of competition, economies of scale and scope and pricing during the last 15 years as a result of the deregulation of the insurance market since 1999. The entry of the new general insurance companies resulted in a decline in the market share of the public sector general insurance companies to a level of 55%. Against this backdrop, the present study evaluates the potential gains from merger of public sector general insurance companies using data envelopment analysis for the years 2012-2013 and 2013-2014. The study computes overall efficiency gains and decomposes the same into learning, scale and scope effects. The results reveal that the overall potential gain from the merger is negative for both the years due to the presence of strongly negative scale effect.
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In the last one decade, the life insurance companies operating in India have made significant progress in terms of business consolidation. In view of the same, it is of interest to make an enquiry about the operating performance of these... more
In the last one decade, the life insurance companies operating in India have made significant progress in terms of business consolidation. In view of the same, it is of interest to make an enquiry about the operating performance of these companies. The present paper compares fifteen life insurance companies operating in India for the period 2005-06 to 2009-10 using the Hybrid Efficiency Model (Tone,2004). The Hybrid Model provides a unified framework for the estimation of technical efficiency integrating the radial and non-radial characterisation of inputs and outputs. The results from the study indicate that out of the fifteen in-sample life insurance companies, the number of technically efficient life insurers declined from 9 in 2005-06 to 4 in 2006-07 and further to 3 in 2007-08 and 2008-09. However, in 2009-10 the number increased to 5. The mean technical efficiency scores of the in-sample life insurers declined sharply between 2005-06 and 2006-07 and improved somewhat thereafte...
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The life insurance sector suffers from the problem of policy lapsation which is an undesirable output in the context of this sector. The present paper makes a humble attempt to integrate lapsation risk in the context of efficiency... more
The life insurance sector suffers from the problem of policy lapsation which is an undesirable output in the context of this sector. The present paper makes a humble attempt to integrate lapsation risk in the context of efficiency analysis of the Indian life insurance sector for the period 2005-06 to 2009-10. For the purpose of efficiency measurement, the paper uses the undesirable output model proposed by Tone (2003), and includes policy lapsation as an undesirable output.
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Mergers in financial sector are happening in the world economy at a rapid rate for the past few years. In the year 2013, financial sector mergers contributed 9.6% of the total Merger and Acquisition (M & A) announced in the world. The... more
Mergers in financial sector are happening in the world economy at a rapid rate for the past few years. In the year 2013, financial sector mergers contributed 9.6% of the total Merger and Acquisition (M & A) announced in the world. The financial outcome of mergers is of particular interest to both policymakers and researchers. The present study is focussed on India’s largest commercial bank i.e.State Bank of India and its associates.. In the year 2008, one of the associate bank of SBI, State Bank of Saurashtra merged with State Bank of India and again in the year 2010 another associate of SBI , State Bank of Indore merged with State Bank of India. At present there are five Associate Banks of State Bank of India. Both the government and management of SBI is in state of confusion to decide on the merger of State Bank of India and its Associate and having different view at different time. In view of this, the present study tries to identify the potential efficiency gains from merger of ...
The present study compares efficiency-related performance of 15 Indian general insurance companies using a two-stage efficiency evaluation model. Efficiency evaluation has been made for the span 2009–2010 to 2017–2018 using network DEA... more
The present study compares efficiency-related performance of 15 Indian general insurance companies using a two-stage efficiency evaluation model. Efficiency evaluation has been made for the span 2009–2010 to 2017–2018 using network DEA (data envelopment analysis). The results indicate that the in-sample private sector general insurance companies outcompeted the public sector insurers with regard to first-stage activity (premium mobilization), while the reverse was observed in terms of the second-stage activity (asset management and provision of claim benefits). The study also carried out regression of efficiency scores on several contextual variables. The results indicate that ownership is an influential contextual variable in both stages of productivity while solvency significantly impacts efficiency in the second stage.
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The present study uses robust data envelopment analysis to estimate the performance of 30 Indian microfinance institutions (MFIs) from 2008–2009 to 2015–2016. Due to the non-availability of information in some instances, the present study... more
The present study uses robust data envelopment analysis to estimate the performance of 30 Indian microfinance institutions (MFIs) from 2008–2009 to 2015–2016. Due to the non-availability of information in some instances, the present study uses an unbalanced panel of observations. In the matter of evaluation of performance, the study makes a major departure from the extant studies undertaken in the Indian context and adopts a double bootstrap approach originally suggested by Simar and Wilson. The current approach thus evaluates conditional performance of the in-sample MFIs in the presence of capital-to-asset ratio as an environmental variable. The two-stage estimation also involved the estimation of the influence of capital-to-asset ratio on the reciprocal of efficiency scores, and contrary to the expectations, the relationship was found to be positive.
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ABSTRACT The performance of mutual funds is generally evaluated in the context of a risk-return framework. Traditionally, ratio analysis was used for such evaluation. Of late quite a number of studies have used stochastic frontier... more
ABSTRACT The performance of mutual funds is generally evaluated in the context of a risk-return framework. Traditionally, ratio analysis was used for such evaluation. Of late quite a number of studies have used stochastic frontier analysis/non-parametric benchmarking techniques for evaluating the performance of mutual funds. However, a major drawback of such studies is the estimation of return-risk frontiers specifically for each time period under observation and this makes inter-temporal comparison of performance a difficult proposition. Against this backdrop, the present paper attempts to show how, using a Dynamic DEA Model suggested by Tone and Tsutsui (2010), it is possible extend benchmarking over successive time periods.
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ABSTRACT Performance analysis of mutual funds is usually made on the basis of return-risk framework. Traditionally, excess return (over risk-free rate) to risk ratios were used for the purpose mutual fund evaluation. Subsequently, the... more
ABSTRACT Performance analysis of mutual funds is usually made on the basis of return-risk framework. Traditionally, excess return (over risk-free rate) to risk ratios were used for the purpose mutual fund evaluation. Subsequently, the application of non-parametric mathematical programming techniques in the context of performance evaluation facilitated multi-criteria decision making. However,the estimates of performance on the basis of conventional programming techniques like DEA and FDH are affected by the presence of outliers in the sample observations. The present, accordingly uses more robust benchmarking techniques for evaluating the performance od sectoral mutual fund schemes based on observations for the second half of 2010. The USP of the present study is that it uses two partial frontier techniques (Order-m and Order- alpha) which are less susceptible to the problem of extreme data.
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Abstract: Financial inclusion can be defined as the process of ensuring access to financial services and timely and adequate credit for vulnerable groups such as weaker sections and low income groups at an affordable cost. Access to... more
Abstract: Financial inclusion can be defined as the process of ensuring access to financial services and timely and adequate credit for vulnerable groups such as weaker sections and low income groups at an affordable cost. Access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. In fact, providing access to finance is a form of empowerment of the vulnerable groups. The present paper is an attempt to compare commercial bank performance in India from the angle of financial ...
Abstract: Application of static Data Envelopment Analysis (DEA) on the time series data relating to a set of decision-making units fails to capture important interactions from period to period. Window analysis is a model structure which... more
Abstract: Application of static Data Envelopment Analysis (DEA) on the time series data relating to a set of decision-making units fails to capture important interactions from period to period. Window analysis is a model structure which provides a more robust treatment to the movement in efficiency over time. The present study thus makes use of the window analysis for comparing the intertemporal efficiency behavior of 28 public sector banks and 12 private sector banks for the period 2001-02 to 2005-06. The results suggest that the mean ...