Title: Prioritising of banking firms in India using entropy-TOPSIS method

Authors: Santosh Kumar Yadav; M. Dharani

Addresses: Department of Operations and IT, ICFAI Business School (IBS), Hyderabad, The ICFAI Foundation for Higher Education (IFHE), (Deemed-to-be University), Dontanapally, Shankarapally Road, Hyderabad, Telengana, 501203, India ' Department of Finance, ICFAI Business School (IBS), Hyderabad, The ICFAI Foundation for Higher Education (IFHE), (Deemed-to-be University), Dontanapally, Shankarapally Road, Hyderabad, Telengana, 501203, India

Abstract: India Brand Equity Foundation (IBEF) reveals that the banking industry contributes about 7.7% of the country's gross domestic product (GDP) in India. It shows that the banking industry is the backbone of the Indian economic development. The study examines the performance of the banking companies based on the financial ratio and ranking them using the TOPSIS method for the period between 2010 to 2015. Entropy method was used to get criteria weight value while TOPSIS method used the entropy weight value to assign a final ranking of the banking firms. The results show the ranking of all banking firms based on relative closeness value under TOPSIS method during the study period. It will be helpful for decision-makers, who want to analyse the performance of banking companies.

Keywords: banks; financial ratio; entropy; TOPSIS; India.

DOI: 10.1504/IJBIR.2019.103325

International Journal of Business Innovation and Research, 2019 Vol.20 No.4, pp.554 - 570

Received: 12 Dec 2017
Accepted: 13 Jun 2018

Published online: 24 Oct 2019 *

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