Sk Mujibar Rahaman

Assistant Professor, Memari College, West Bengal, India

https://orcid.org/0000-0003-4632-5807

DOI : https://doi.org/10.47191/ijsshr/v5-i9-41

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ABSTRACT

A strong and sound financial system is a necessary precondition for accelerated growth of an economy. In a country like India, the banking system is the heart of the financial system since they infuse money in the system resulting in additional purchasing power. The rate of financial intermediation, capital formation and rate of economic growth are inextricably linked. Higher the rate of financial intermediation, higher the rate of capital formation and higher will be the economic growth rate and vice-versa. An organized, efficient, well-planned and viable banking system is, therefore, a demanded concomitant for development of a country. But all these requirements can be fulfilled while banks are sustaining a healthy bottom-line. In this backdrop, the present paper strives to suggest a data driven index to assess the profitability performance of Indian PSBs during the study period.

KEYWORDS:

financial sector, public sector banks, data-driven index, profitability, bottom-line, growth.

REFERENCES

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VOlUME 05 ISSUE 09 SEPTEMBER 2022