Financial distress and sustainability growth of Indian banks listed in BSE 30 (original) (raw)

2018

Abstract

Banks are considered as the backbone of the economic financial system of a nation. Any failure in the financial performance or financial breakdown will affect the whole banking sectors as well as other dependent sectors heavily. Any issues related to financial distress or the financial problem will make the bank in a shortage of capital. The Altman Z- Score helps in testing the credit strength of the banking sector in the Indian economy as the Altman Z-Score is based on five financial ratios to assess the profitability, leverage, liquidity, solvency, and activity. So in this paper, this model is used to study the level of financial distress of banking sectors. Further, Higgins model suggests various methods to measure the performance of firms like financial leverage (debt ratio and equity ratio), liquidity (current ratio), and assets efficiency (total asset turnover). However, the sustainable growth rate is a method that identifies the performances of firms that they supposed to ach...

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