In globalised markets, competency has become a universal parameter for organizational application, while assessing the current performance and future outlook as well. The banking system of any country is the central nerve of its economy. Towards the end of the 20th century, the majority of nations across the globe initiated reforms in their financial sectors. The process is still on, with a view to strengthening the banking system and enhancing its operational efficiency, to meet the envisaged challenges in a competitive global economy. Capital adequacy and management of liquidity through compliance of sound Basel principles, best practices of risk management, effective spread management, efficiency in productivity and profitability and technological advancements are some of the competencies registered by banks in recent times. The prime objective for a bank is to create and maximize wealth for its stakeholders. Assessment of efficiency can, therefore, provide valuable insights into the investors vis-Ã -vis prospects of the banks, in terms of providing attractive returns to the shareholders. Such an endeavour would also enable all concerned, to estimate how far banks would go in meeting the expected challenges and fulfil the aspirations of the stakeholders at large. By presenting the systemic and performance features, this book attempts to bring to light the multi-faceted efficiency and competency perspectives of banks globally.
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