Abstract
Banking is the fulcrum of an Economy. The Banking Industry is one of the basic instruments of economic growth. It must be on a sound footing as it constitutes an important link in various socio-economic activities. Since it is considered the backbone of economic development, any change in its processes is deemed to have repercussions on the country’s growth. The essential part of the banking system is its financial viability. It is not only necessary for its survival but also to discharge its various obligations. There has been amazing growth in profits in banking industry over the last two decades. The Indian banking sector has witnessed wide ranging changes under the influence of the financial sector reforms initiated during the early 1990s. The approach to such reforms in India has been one of gradual and non-disruptive progress through a consultative process. The emphasis has been on deregulation and opening up the banking sector to market forces. The Reserve Bank has been consistently working towards the establishment of an enabling regulatory framework with prompt and effective supervision as well as the development of technological and institutional infrastructure.
Banker’s Perspective
References
1. Beaver W.H. (1968), “The Information Content of Annual Earnings Announcements”, Empirical Research in Accounting: Selected Studies, Supplement to Journal of Accounting Research, pp. 67 – 92. 2. R.Clarke, and W.F.Wright (1979), “The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors”, Journal of Accounting Research, Autumn, pp. 316 – 340. 3. Bowman R.G (1983), “Understanding and Conducting Event Studies”, Journal of Business Finance and Accounting, Winter, pp. 561 – 584. 4. Brown S.J., and J.B. Warner (1985), “Using Daily Returns: The Case of Event Studies”, Journal of Financial Economics, March, pp. 3 – 31. 5. Foster G. (1975), “Accounting Earnings and Stock Prices of Insurance Companies”, The Accounting Review, October, pp. 686 – 698. 6. Patell J.M., and M.A.Wolfson (1984), “The Intra Day Speed of Adjustment of Stock Prices to Earnings and Dividend Announcements”, Journal of Financial Economics, June, pp. 223 – 252. 7. Richardson G.D. (1984), “The Information Content of Annual Earnings for Large and Small Firms: Further Empirical Evidence”, Working Paper, University of British Columbia, February. 8. Srinivasan R. (1997), “Security Prices Behaviour Associated with Rights Issue – Related Events” The ICFAI Journal of Applied Finance, 3, pp.50 – 62. 9. Raja.M and Dr.Clement Sudhahar.J (2008). “Testing the Market Efficiency of Nifty Future: A Random Walk Hypothesis Approach”, Journal of Global Information and Business Strategy, Vol.1, No.1, July-December- Pp.55-79. 10. Raja.M and Dr.Clement Sudhahar.J and Dr.M.Selvam (2009). “Testing the Inforamtional Efficiency of Indian Stock Market with respect to Buyback Announcement – A Study on IT Industry”, International Journal of Management Research and Technology, Vol.3, No.1, June - Pp.39-53. 11. Raja.M and Dr.Clement Sudhahar.J.(2009) “Testing the Semi- Strong form Efficiency of Indian Stock Market with respect to Information Content of Stock Split Announcement – A Study in IT Industry”, International Research Journal of Finance and Economics, Vol. 20, No.1, March - Pp 07-20. 12. Raja.M and Dr.Clement Sudhahar.J .and Dr.M.Selvam (2009) “Testing the Efficiency of Indian Stock Market with respect to Information Content of Right Issue Announcement – A Study with special reference to IT Industry”, South Asian Journal of Socio Political Studies, July – December - Pp 79-83. 13. Raja.M, (2010)“Testing Efficiency of Indian Stock Market with Respect to Quarterly Announcement by Petrochemical Industry” International Journal of Applied Business and Economic Research Review, Vol.8, No.2, January - Pp.237-251. 14. Raja.M (2010) “Testing the Information Content of Dividend Announcement by the Indian IT Companies” International Journal of Management Prudence, Vol.1, No.1, March, Pp. 67-77.
Author information
Gayathri .R
Assistant Professor, KCT Business School, Coimbatore