Post-Crash Development in the Indian Banking Sector: Efficiency, Competition, and Credit Risk (Routledge International Studies in Money and Banking) - Hardcover

Gulati, Rachita; Kumar, Sunil

Hardcover

ISBN 10: 0367200732 ISBN 13: 9780367200732

Publisher: Routledge, 2026

Synopsis

The Indian banking sector has undergone a profound transformation in the wake of successive economic disruptions – the global financial crisis of 2007–09, the local banking crisis of 2013–17, the currency notes ban crisis of 2016–17, and the COVID-19 pandemic. Each episode has exposed latent vulnerabilities in the financial system: inefficiencies in intermediation, the build-up of credit risk, and structural imbalances in competition.

This book offers a comprehensive empirical assessment of how the Indian banking industry has evolved in the post-crash era, using bank-level data from 2001 to 2022. Bringing together advanced econometric and frontier methodologies, including a two-stage network DEA metafrontier framework, the Panzar–Rosse approach with dynamic panel estimation, and system GMM techniques, the authors examine three core dimensions of banking performance. The book analyses how successive crises have shaped operational efficiency, competitive conduct, and asset quality across bank ownership categories; evaluates the effectiveness of regulatory reforms including Basel III implementation, the Prompt Corrective Action framework, mergers and recapitalisation of public sector banks, the Insolvency and Bankruptcy Code, and the integration of FinTech innovations; and examines the drivers of credit risk.

Post-Crash Development in the Indian Banking Sector will be a valuable reference for those studying comparative banking in emerging-market economies and looking to reform their banking sector.

About this title

About the Author

Rachita Gulati is an Associate Professor at the Indian Institute of Technology (IIT) Roorkee, India, and also serves as a Research Economist at the Asian Development Bank Institute (ADBI), Tokyo, since May 2024. She previously held the prestigious Subir Chowdhury Visiting Fellowship (2017–18) at the India Observatory, London School of Economics and Political Science. Her research focuses on banking and financial institutions, financial stability and regulation, corporate governance, and applied econometrics. She has authored books on bank deregulation and efficiency, and on banking regulation and supervision in South Asia, Southeast and East Asia and published articles in Omega, Economic Modelling, WIREs Climate Change, Socio-Economic Planning Sciences, and Research in International Business and Finance.

Sunil Kumar is a Professor in the Faculty of Economics at South Asian University (SAU), New Delhi, India. With over 30 years of teaching and research experience, his work centres on data envelopment analysis, stochastic frontier analysis, banking efficiency, and industrial productivity, with a particular focus on the performance of financial institutions and public-sector enterprises. He has published in peer-reviewed journals and has authored books on efficiency and productivity in the manufacturing and banking sector in India, contributed to international reports by the Asian Productivity Organization, and conducted a study with the Reserve Bank of India on Governance, Efficiency and Soundness of Indian Banks.

Edition details

• Publisher: Routledge
• Publication date: 2026
• Language: English
• ISBN 10: 0367200732
• ISBN 13: 9780367200732
• Binding: Hardcover
• Edition number: 1
• Number of pages: 350