Gulati, Rachita; Kumar, Sunil - In: Macroeconomics and Finance in Emerging Market Economies 4 (2011) 1, pp. 125-166
This article investigates the relevance of the inclusion of non-traditional activities in the specification of banks' output on the efficiency of Indian banks. The results indicate that the exclusion of non-traditional activities not only understates the cost, technical and allocative...