ABSTRACT

In this paper, we analyze the beneficiaries of productivity gains in the Indian banking sector during the period from 1992 to 2019. We document the relative efficiency of different groups of banks by ownership. We find that the Indian banking sector, particularly the public sector banks, experienced steady productivity growth from the mid 1990s till about 2010. We conduct a detailed descriptive analysis to examine the various stakeholders that the productivity gains have accrued to, over the years and across bank groups. We conclude that most of the gains may have accrued to the shareholders, which for the public sector banks would mean the government. These gains presumably helped reduce the burden on the government of capitalizing the public sector banks, especially during the 1997–2002 period of sharp rise in non-performing assets.

摘要

在本文中，我们分析了 1992 年至 2019 年期间印度银行业生产率提高的受益者。我们按所有权记录了不同银行集团的相对效率。我们发现，从 1990 年代中期到 2010 年左右，印度银行业，尤其​​是公共部门银行的生产率稳步增长。我们进行了详细的描述性分析，以检查多年来和跨部门生产率增长所带来的各种利益相关者银行集团。我们得出的结论是，大部分收益可能已经归属于股东，对于公共部门银行而言，这意味着政府。这些收益可能有助于减轻政府对公共部门银行进行资本化的负担，尤其是在 1997-2002 年不良资产急剧上升期间。