Impact of Financial Performance on Development of New Generation Banks

Abstract

The development of any bank depends on the extent to which its financial system efficiently and effectively mobilizes and allocates resources. There are a number of public, private banks and financial institutions that execute this function one of them is the new generation bank. New generation banks are the unique financial institutions that perform the special task of fostering the development of a nation, normally not undertaken by other banks. New generation banks are financial agencies that offer medium and long-term financial assistance and act as catalytic agents in promoting balanced growth of the country. The present study aimed that the impact of financial performance on development of new generation banks in Erode district.