International Journal of Social Science & Economic Research
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Swetha Mathews, Jeenu Jacob, Tania Joseph, Dr. G. Vincent

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1Swetha Mathews, 2 Jeenu Jacob, 3Tania Joseph, 4Dr. G. Vincent
1,2,3. Research Scholar, CHRIST (Deemed to be University)
4. Assistant Professor, Department of Commerce, CHRIST (Deemed to be University), Hosur Road, Bangalore- 560029

Mathews, Swetha, et al. "PREDICTION OF BANKRUPTCY AMONG PRIVATE AND PUBLIC BANKS IN INDIA." Int. j. of Social Science and Economic Research, vol. 4, no. 5, May 2019, pp. 3510-3523, Accessed May 2019.
Mathews, S., Jacob, J., Joseph, T., & Vincent, D. (2019, May). PREDICTION OF BANKRUPTCY AMONG PRIVATE AND PUBLIC BANKS IN INDIA. Int. j. of Social Science and Economic Research, 4(5), 3510-3523. Retrieved from
Mathews, Swetha, Jeenu Jacob, Tania Joseph, and Dr. G. Vincent. "PREDICTION OF BANKRUPTCY AMONG PRIVATE AND PUBLIC BANKS IN INDIA." Int. j. of Social Science and Economic Research 4, no. 5 (May 2019), 3510-3523. Accessed May, 2019.


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Edward I. Altman is the mastermind behind the Z-score models to predict bankruptcy. It was in 1983 that Altman changed the univariate model to the Z-Score model with the support of Multiple-discriminant analysis (MDA). This research tests the financial ratios for the past 3 years of top 5 private and public sector banks in India, to predict bankruptcy with Altman's model. The study discovers banks to be pigeonholed to grey or distress zoned and further observed that private banks outweigh public banks.