Modelling the recovery of Indian banks under prompt corrective action framework: TOPSIS methodology

The current study empirically investigates the comparative financial health of each of the 12 Indian banks under prompt corrective action (PCA) framework considering multiple triggers of PCA framework collectively. A model for predicting the recovery of these banks from PCA has been proposed based on three different multi-criteria decision-making methods (MCDM), one being the technique for order of preference by similarity to the ideal solution (TOPSIS) proposed by Hwang and Yoon (1981) to rank the set o...

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