Volume No. :   8

Issue No. :  3

Year :  2017

ISSN Print :  0976-495X

ISSN Online :  2321-5763


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A PCA Approach for Comparing Performances of Major Indian Banks during 2004-05 to 2013-14



Address:   Dr. Subhabaha Pal1*, Prof. (Dr.) Satyabrata Pal2, Dr. Kaushik Bhattacharjee3
1Assistant Professor-IT & Systems, T. A. Pai Management Institute, Manipal
2Honorary Visiting Professor, Indian Statistical Institute, Kolkata,
Ex-Dean PG Studies, Bidhan Chandra Krishi Viswavidyalaya, Nadia, West Bengal
3Associate Professor-Finance, T. A. Pai Management Institute, Manipal
*Corresponding Author
DOI No: 10.5958/2321-5763.2017.00071.3

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 above-said 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.
KEYWORDS:
Indian Banks, Bank Performance Comparison, Principal Component Analysis (PCA).
Cite:
Subhabaha Pal, Satyabrata Pal Kaushik Bhattacharjee. A PCA Approach for Comparing Performances of Major Indian Banks during 2004-05 to 2013-14. Asian J. Management; 2017; 8(3):442-450.
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