Profits and Profitability of Indian Commercial Banks in Seventies

Commercial Banks in Seventies S K Verghese There is a great deal of debate in the country about the profits and profitability of Indian commercial banks. It is generally believed that the new direction given to the banks since their nationalisation in I969, and the slackening productivity, have led to a declining trend in the profits and profitability of the banks. It is even held that, unless the present trend is reversed, the financial viability of our banking system may be undermined.