Impact of technology on the financial performance of selected nationalized and private sector banks in India

Al Shawi, Jaafar M-Hasan Abdulrahman; Gopalappa, D. V.

doi:10.22075/ijnaa.2022.6142

Impact of technology on the financial performance of selected nationalized and private sector banks in India

Document Type : Research Paper

Authors

Jaafar M-Hasan Abdulrahman Al Shawi

D. V. Gopalappa

DOS in Economics and Co-operation, University of Mysore, Manasagangothri, Mysuru, India

10.22075/ijnaa.2022.6142

Abstract

The study assessed the financial performance of banks which found that usage of technology grew with each passing year. As a result of the effective use of technology, banks have been able to manage the increasing transaction volumes that come with a larger customer base in a more accurate and timely manner. The study's major goal was to analyze the impact of technology on the financial performance of a number of Indian banks, both public and private. The data was gathered via secondary sources in order to examine the impact of technology on financial performance. The data were evaluated using descriptive analysis and the t-test, which revealed a substantial difference in the financial performance of selected Indian nationalized and private sector banks. Financial indicators such as cash deposit ratio, the ratio of deposits to total liabilities, ratio of term loans to total advances and ratio of equity showed a significant difference in the financial performance of selected nationalized and private sector banks in the country.

Keywords

Cash Deposit Ratio

Indian Banking Sector

Financial Performance

Nationalized Banks

Private Sector Banks

Ratio of Deposits to Total Liabilities

Ratio of Term Loans to Total Advances and Ratio of Equity

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