Value based measure: An application of EVA in selected Indian public and private banks

Performance measurement matters in today's business. This is common to all the types of business. This paper evaluates Economic Value Added (EVA) as a smart and powerful alternate to traditional performance measures. This paper studies Indian bank's profile to demonstrate a direct correlation between the investment in stakeholder relationships and corporate performance. Three public sector Indian banks and three private sector Indian banks are the focus of the study. It was found that the developments of the private banks in India are more tremendous than the public sector banks in terms of EVA and in all the other parameters considered.