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Did the global financial crisis alter the competitive conditions in the Indian banking industry?

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  • Sunil Kumar
  • Rachita Gulati

Abstract

This article addresses a pertinent research question: Did the global financial crisis alter the competitive conditions in the Indian banking industry? In order to find the answer of this research question, we applied a dynamic version of the non-structural Panzar-Rosse model on a unique unbalanced panel dataset of Indian banks spanning over the period from 1998/99 to 2015/16. The robust estimates of H-statistic computed on the basis of the generalized method of moments estimates of the elasticities of input prices show that (i) Indian banks earned their interest and total revenue under monopolistic competition throughout the whole of the sample period and (ii) the global financial crisis altered the competitive conditions in the banking industry, and market moved closer to perfect competition following the financial crisis, especially when interest-bearing activities were in focus.

Suggested Citation

  • Sunil Kumar & Rachita Gulati, 2019. "Did the global financial crisis alter the competitive conditions in the Indian banking industry?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(10), pages 857-865, June.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:10:p:857-865
    DOI: 10.1080/13504851.2018.1502865
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    Cited by:

    1. Canan Yildirim & Adnan Kasman & Fazelina Sahul Hamid, 2021. "Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries?," Post-Print hal-03419478, HAL.
    2. Yildirim, Canan & Kasman, Adnan & Hamid, Fazelina Sahul, 2021. "Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries?," Economic Modelling, Elsevier, vol. 105(C).

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