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Asian Journal of Management
Year : 2017, Volume : 8, Issue : 3
First page : ( 442) Last page : ( 450)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2017.00071.3

A pca approach for comparing performances of major indian banks during 2004–05 to 2013–14

Dr. Pal Subhabaha1,*, Prof. (Dr.) Pal Satyabrata2,4, Dr. Bhattacharjee Kaushik3

1Assistant Professor-IT & Systems, T. A. Pai Management Institute, Manipal

2Honorary Visiting Professor, Indian Statistical Institute, Kolkata

4Ex-Dean PG Studies, Bidhan Chandra Krishi Viswavidyalaya, Nadia, West Bengal

3Associate Professor-Finance, T. A. Pai Management Institute, Manipal

*Corresponding Author E-mail: Subhabaha.pal@manipalglobal.com

Online published on 22 September, 2017.

Abstract

Principal Component Analysis is a well-known procedure, used extensively, applied in respect of the matter of comparison of financial performances. This paper first discusses the major methodologies for bank performance comparison and then compares performances of 37 leading Indian banks during the period 2004–05 to 2013–14 on yearly basis using the principal component analysis (PCA) approach. This study throws light on how the major banks have performed during the above-said period (on yearly basis) and also on a comparative evaluation of their performances (year-wise) over the mentioned period. The Principal Component Analysis (PCA)has revealed the nice result (information)that SBI has performed better than other banks in general over the abovesaid period excepting that in case of some years it has enlisted itself in the same category as with the ICICI bank in respect of performance, falling back the remaining Banks in the trail.

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Keywords

Indian Banks, Bank Performance Comparison, Principal Component Analysis (PCA).

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