Impact of New Financial Products on Financial Performance of Public Sector Banks in India
In this paper, we analyze the performance of public sector banks in India during the period 1999-2000 to 2008-09. This period covers the old financial products period and new financial products period. Specifically, the paper examines the impact of new financial products on financial performance of public sector banks in India. The empirical results show that impact of new financial product on public sector banks has intensified. The financial performance of public sector banks is greater in new financial products than the old financial products period.
Key words: Banking; Public sector banks; New financial products period; Old financial products period
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