The reforms introduced after 1992 are expected to have an impact on the performance of commercial banks. Thus the present study attempts to examine the efficiency level of Indian banks for the period 1985-2004. We employ the technique of stochastic frontier analysis to estimate bank specific...

Using the stock market development indicators viz., market size, liquidity, and volatility along with bank credit to GDP ratio as an indicator of banking sector development, and Index of Industrial Production (IIP) as the proxy for GDP, this paper examines the role of stock markets and banks in...

This paper seeks to establish the superiority of the Divisia monetary aggregates over their Simple sum counterparts in India. The aggregates are constructed over weakly separable groups obtained from a nonparametric test of separability considering four assets viz, (I) currency with the public,...