Evaluation on Financial Performance of Indian Overseas Bank

Abstract

Banks play an imperative role in the economic development of all nations. The present study was conducted by selecting one of the leading commercial banks in India. Indian Overseas Bank was selected purposely and ten years financial progress of the bank was chosen. The study was confined to the past ten years from 2007-08 to 2016-2017. In order to have a fairly long, cyclical well balanced period, for which, reasonably homogeneous, reliable and up to-date financial data were available. The study was based mainly on secondary data. The tools used for the analysis are Ratio Analysis, Trend Indices, Chi-Square Analysis, Descriptive statistics and Correlation. The Researcher suggested that, the banks should take special attention to improve their financial efficiency. More resources / funds to be deployed in high yielding advances to maximize interest income to total assets.