Performance Evaluation of Commercial Banks in the Indian Banking Industry

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Performance Evaluation of Commercial Banks in the Indian Banking Industry

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  • Volume : 1 Issue : 2 2023
  • Page Number : 1-5
  • Publication : ISRDO

Published Manuscript

Title

Performance Evaluation of Commercial Banks in the Indian Banking Industry

Author

1. Prajnyabodh Sinha, Postdoctoral Researcher, Xavier School of Management (XLRI), Jamshedpur, India, India

Abstract

Bank regulation is crucial due to the systemic risks highly leveraged banking organizations face. Since the 2008 financial crisis, countries have focused on strengthening financial institutions and restoring economic security. In the Indian finance industry, globalization, intense competition, and new challenges have heightened the importance of regulation. A performance evaluation model is invaluable to drive organizational success, aligning objectives with strategy, and effectively track and share information. Traditional evaluation methods primarily focus on financial outcomes, but in today's fast-paced and competitive economy, long-term viability must be considered alongside financial success. As a service industry, banking relies on tangible and intangible factors to enhance productivity. The Balanced Scorecard, a performance measurement method, incorporates the outcomes of both measurable and unmeasurable aspects.

Keywords

Commercial banks Balanced Scorecard Financial crisis Regulation framework Competition Asset categorization Long-term objectives

Conclusion

This study demonstrates the value of using the Balanced Scorecard's several criteria in assessing India's financial institutions. It highlights the limitations of using monetary metrics alone for examination since they can only reveal trends in the past. The current regulatory standards in India do not adequately evaluate financial metrics or manage risks. The assessment methods often overlook banks' competitive strategies to ensure long-term viability. By implementing the Balanced Scorecard, banks can adopt a new approach to evaluating success, considering customer focus and innovative approaches to overcome challenges and stay ahead of the competition. Banks can use the Balanced Scorecard as a benchmark to align their efforts with long-term objectives. Embracing the Balanced Scorecard would redefine performance evaluation in the banking industry.

Author Contrubution

The author confirms sole responsibility for the following: study conception and design, data collection, analysis and interpretation of results, and manuscript preparation.

Funding

The authors did not receive any specific grants from funding agencies in the public, commercial, or non-profit sectors for the research, authorship, and/or publication of this article.

Conflict of Interest

All authors declare that they have no conflicts of interest.

Data Sharing Statement

Not applicable

Software And Tools Use

Not applicable

Acknowledgements

I thank the following individuals for their expertise and assistance in all aspects of our study and for their help in writing the manuscript. I am also grateful for the insightful comments given by anonymous peer reviewers. Everyone's generosity and expertise have improved this study in myriad ways and saved me from many errors.

Corresponding Author

PS
Prajnyabodh Sinha

Xavier School of Management (XLRI), Jamshedpur, India, Postdoctoral Researcher, India

Copyright

Copyright: ©2024 Corresponding Author. This is an open access article distributed under the terms of the Creative Commons Attribution License , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Sinha, Prajnyabodh. “Performance Evaluation of Commercial Banks in the Indian Banking Industry.” Scientific Research Journal of Business, Management and Accounting, vol. 1, no. 2, 2023, pp. 1-5, https://isrdo.org/journal/SRJBMA/currentissue/performance-evaluation-of-commercial-banks-in-the-indian-banking-industry

Sinha, P. (2023). Performance Evaluation of Commercial Banks in the Indian Banking Industry. Scientific Research Journal of Business, Management and Accounting, 1(2), 1-5. https://isrdo.org/journal/SRJBMA/currentissue/performance-evaluation-of-commercial-banks-in-the-indian-banking-industry

Sinha Prajnyabodh, Performance Evaluation of Commercial Banks in the Indian Banking Industry, Scientific Research Journal of Business, Management and Accounting 1, no. 2(2023): 1-5, https://isrdo.org/journal/SRJBMA/currentissue/performance-evaluation-of-commercial-banks-in-the-indian-banking-industry

1664

Total words

805

Unique Words

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Sentence

17.736263736264

Avg Sentence Length

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Subjectivity

0.054378894914609

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Text Statistics

  • Flesch Reading Ease : 30.26
  • Smog Index : 14.6
  • Flesch Kincaid Grade : 12.9
  • Coleman Liau Index : 16.76
  • Automated Readability Index : 15.2
  • Dale Chall Readability Score : 9.86
  • Difficult Words : 431
  • Linsear Write Formula : 16.6
  • Gunning Fog : 12.15
  • Text Standard : 16th and 17th grade

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