Date of Submission
Open Access Senior Thesis
Bachelor of Arts
© 2019 Laira Aggarwal
This paper examines the performance of Indian banks by studying the effects of recent reforms and macroeconomic events. Indian banks went through a period of reforms in the past twenty years. The impact of these reforms and major macroeconomic events has been examined using time-series analysis. Event studies offer additional perspective on the short-run effect of the events on different types of Indian banks. Although, the event dates are not all statistically significant in the time-series regressions, the demonetization of 2016 is significant in the event study analysis. Thus, while reforms and events have immediate impact on the performance of Indian banks, the effects did not always persist over the larger time-period.
Aggarwal, Laira, "What do we know about the recent performance of Indian banks?" (2019). CMC Senior Theses. 2215.