Volume : 6, Issue : 6, June - 2017
Financial Analysis of Public Sector Undertaking: A case study of Allahabad Bank
Mr. Rajendra Sharma, Ms. Nupur Nigam, Dr. Deepti Maheshwari
Abstract :
<p> <span style="text-align: justify;">The Bank is derived from a French word ‘Banque’ which means bench. The Jews were believed to be early bankers, who used to transact business over the benches within the market. In India, Banking is experienced since Vedic Period, which can be proved through the writings of Jurist Manu which was related to advances, interest and deposits. During the Mughal period, the development of indigenous banker worked significantly in the expansion of trade and commerce via lending money. Later, during the rule of the East India Company, the banking sector was handed by agency houses. In the year, 1990 the economic reforms introduced by Indian Government played a significant role in setting up the banking sector which is experienced currently. Introduction of Liberalization gave a gateway to the development of private sector bank which pushed the competition in the banking sector. It also led to the arrival of new technology, less intervention of government etc. The reason for portraying the thesis as Phd. Thesis was to incur in-depth knowledge of Allahabad Bank’s financial statement and the working of the bank through comparative analysis and ratio analysis for 2014 and 2015.</span></p> <p class="MsoNormal" style="text-align:justify;line-height:normal;tab-stops:69.85pt"><o:p></o:p></p>
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Cite This Article:
Mr. Rajendra Sharma, Ms. Nupur Nigam, Dr. Deepti Maheshwari, Financial Analysis of Public Sector Undertaking: A case study of Allahabad Bank, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : VOLUME-6 | ISSUE‾6 | JUNE-2017