Blake is the enemy of all authority(TM) Essay Example for Free

Blake is the enemy of all authority(TM) Essay Blakes poetry often serves to propagate his anti-authoritarian views and loathing of institutional power. Furthermore, his views often impress upon the reader his belief in the human right for both spiritual and social freedom, unconstrained by established convention. Blakes treatment of the institution of the church and religion is often contemptuous and shows his attitude to what he sees as the hypocrisy of an uncompromising establishment which in his eyes causes misery, rather than nurturing the human sole. In The Garden of Love Blake conveys his anti-clerical message in the stanza the gates of this chapel were shut and reflects his view of the church as exclusionary. Moreover, the shut gates imply that the path to heaven and God does not start at the foot of the alter, but in individual belief and spirituality. The idea is further reinforced in the poem by the image of priests binding with briars my joys and desires and thereby placing the priests in the position of Christs oppressors, making them seem malevolent in robbing people of their natural joyful impulse. The alliteration and assonance within the binding with briars further reinforces the idea of a cruel path to supposed salvation. The Marriage of Heaven and Hell challenges traditional Christian theology and makes the statement that Prisons are built with stones of Law, Brothels with bricks of Religion, this conveys his belief that whilst society may restrain immorality, religion can create it. The prisons built with stones of law also symbolise how traditional doctrinal teaching has imprisoned personal individuality. Furthermore Good is the passive which obeys reason. Evil is the active springing from energy epitomises the teaching of the Church of Blakes time and is contrary to the sentiments of most contemporary readers in an age prizing individuality and condemnatory of passive indolence. The Marriage of Heaven and Hell was composed after the 1789 French Revolution and in a period of radical ideological and political conflict, therefore Blakes condemnation of apathy is aimed to promulgate his vision of anarchic energy free from the restrain of authority. Reason is the bound or outward circumference of energy suggests that living purely through ones intellect is what constrains boundless energy, which to him is eternal delight. So in this respect it is evident that the traditional authority given to rationality is seen as preventative to living life to its full as the restrainer or reason governs the unwilling. This indicates Blakes view that the natural human instinct is to oppose reason and that to act according to reason is tantamount to acting under duress, in the mistaken belief that to oppose reason is to go against the Good [which] is the passive that obeys reason. In the poem The school Boy Blake condemns school- an institution which tries to teach reason as restricting the childs vivacity in his natural environment. How can the bird that is born for joy sit in a cage and sing? is a metaphor for human imprisonment to show that the environment of the classroom cannot cultivate the unrestrained and joyful energy which Blake reveres. This is in contrast to the sky-lark [which] sings with the boy when he rise[s] in a summer morn When the birds sing on every tree. This illustrates the bucolic setting, filled with aural imagery and how joy prevails in the boundless confines of nature. The repression of man-created institutions such as school can be contrasted to the freedom provided by nature, where arguably God is the only authority. The nurses song centres on the liberating environment of nature where the voices of children are heard on the green and laughing is heard on the hill. This evokes the abundance of delight created by Gods creation of the natural world and how in Blakes time the idyllic countryside of England was yet largely unspoiled by large, polluting manufacturers seeking profit maximisation. The laughing of the children in The Nurses Song almost becomes as natural as the song of the little birds and shows that in such pastoral surroundings the childrens freedom is boundless just as that of the birds. However, this freedom is circumscribed by the watchful nurse in The Nurses Song in Songs of Experience who reprimands the children saying your spring and your day are wasted in play and in contrast to the well intentioned protection of the children in the first Nurses Song, this poem presages the eventual loss of the childrens natural freedom. However, Blake does not oppose parental authority arising from love, that is in the best interests of the child. Whilst he may rightfully condemn the parents in The Chimney Sweeper (experience) who clothed [their child] in the clothes of death And taught [him] to sing the notes of woe, this is because they are uncaring and hostile to their childs happiness that is anathema to them. Consequently, their authority is destructive and oppressive. But, Blake does not condemn the guiding role of the mother in The Little Black Boy, who taught [him] underneath a tree, as her teaching is not institutionalised and rigidly doctrinal, but done outdoors in the natural environment that Blake so venerates. Moreover, at a time when slavery was still legal in England and the general perception of other races was of a racist sort, Blakes portrayal of the boy and his mother in an affectionate manner, devoid of savagery would have challenged the notions of his day. In another radical step away from the customs of his time the introduction to Songs of Innocence gives authority to the child, to which the piper assents. Pipe a song about a lamb. / So I piped with merry cheer paints the child was the origin of creativity and beautiful, with the piper as his instrument. The reference to the lamb suggests that the child has a moral and spiritual purpose and that his youthful innocence makes him more adept than the piper to whom he shoes how to convey the message through song. However the transience of the childs authority is conveyed in the words so he vanished from my sight which re-establishes the reality of Blakes time when children were powerless to resist the demands of their elders and could not dictate their own wishes or destinies. Blakes focus on authority is intended to make a social and political statement about the customs of his day. Arguably, he does not oppose all authority but merely the kind arising from self-interest and requiring the sacrifice of fellow human beings. His poetry advocates individuality and unrestrained vivacity for life rare for his time and fundamentally preaches unbridled equality.

Wittgensteins 1913 Objections To Russells Theory of Belief: A Dialectical Reading :: Philosophy Philosophical Papers

Wittgenstein's 1913 Objections To Russell's Theory of Belief: A Dialectical Reading ABSTRACT: In what follows, I give (following Burton Dreben) a dialectical reading of his dismissal of metaphysics and of Wittgenstein's objections to Russell in 1913. I argue that Wittgenstein must be read as advocating no particular theory or doctrine — that is, philosophy is an activity and not a body of truths. Furthermore, this insistence is thoroughgoing. Put differently, a dialectical reading must be applied to one's own thought and talk. Characteristically, this sort of dialectical philosophy begins with the question, Is there any definiteness to what I am doing in my own thinking and speaking? Such a question undercuts the easy assumption that what we are doing may be expressed in a body of meaningful statements. In particular, I argue that Wittgenstein does not advocate any particular theory of language. A common reading of Wittgenstein is that he aims to prevent us from misusing language. This view assumes that, for Wittgenstein, the notion of a correct, acceptable o r meaningful use of language may be taken for granted. In my view, Wittgenstein does not take the notions of use of language and grammar and its misuse for granted. For Wittgenstein grammar underdetermines what it is to use or misuse language. I argue that an ethical critique is implicit in Wittgenstein's objections to any attempt to speak a priori about language and thought. Distrust of grammar is the first requisite of philosophizing. Notebooks, p. 106. The purpose of my talk this afternoon is to make clear what I shall call, following Burton Dreben, a dialectical reading of Wittgenstein's dismissal of metaphysics in the context of his pre-Tractatus objections to Russell's 1913 theory of belief. The earliest letters to Russell by Wittgenstein read naturally as presentations or proposals, to be read straightforwardly, as they stand. In this spirit, many authors interpret Wittgenstein as rejecting Russell. s attempts to talk about the structure of language and facts, and, further, as insisting that any attempt to state the limits of language is itself nonsense. On such a reading, Wittgenstein is reacting to Russell. s realist attempts to analyze the structure of facts into constituents and the structure of propositions into names by eliminating certain apparent symbols. Wittgenstein relegates their pseudo-uses to what is shown in the use of propositions. Ricketts writes: ....Russell takes relations to be a type of thing — they are constituents of facts, objects of acquaintance, and the designata of names.

Planning in Early Childhood

The observation of children is performed by teachers and educators, to help understand each child, and their characteristics. Along with assessment and evaluation, educators are able to understand each child’s development, and make decisions about appropriate activities and experience to offer each child, to help foster their individual development. (Veale, A. and Piscitelli, B. 1988) This essay will discuss the Value of the Observation Process in Planning for early childhood settings, and the role of each teacher in facilitating children’s individual learning and development. Observation is a very valuable and important part of the planning process as each child is different. Observation and Record Keeping in Early Childhood Programs (Veale, A. and Piscitelli, B. 1988,) Suggests that in order for educators to provide proper learning experience for children, they must know each child’s strengths, weaknesses, interests, fears, joys, ideas and individual interests to plan stimulating and appropriate learning experiences. Through observation, Educators can gather this information on what each child is capable of, how each child behaves under a range of different circumstances and how the child interacts with other children, and adults. The information collected from observation helps educators to develop objectives and plans to â€Å"enhance children’s learning and development† (Planning and Learning, NZTC pg. 5). Effective Planning and developing of learning outcomes for children is a collaborated effort between colleagues, children, Parents/Whanau and the community. DOP 6 outlines that importance of collaboration between colleagues when it comes to forming an effective plan in the early childhood environment. Open relationships and free discussions amongst each other empowers educators to become reflective practitioners and to understand different perspectives (MoE, 1998) By collaborating with parents/ Whanau educators can increase their understanding of the child’s â€Å"thinking and learning, parents and carers become wiser about the child† (Stonehouse, cited in Hanna, 2006, p. 3) and planning becomes more effective and purposeful for the child. Te Whariki states under the principle of Family and Community, â€Å"The wellbeing of children is interdependent with the well-being and culture of local communities and neighborhoods. Children’s learning and development are fostered it the well-being of their family and community is supported. †(MoE, 1996, p. 42) Society is constantly changing, and children grow and change with the community, so educators need to plan for the growth and change. And most importantly the children need to be considered while planning. Children are individuals and their voice needs to be heard. Educators need to be aware of the child’s capabilities, interests and learning needs to provide efficient learning activities that will be effective and enjoyable for the child. â€Å"The purpose of assessment is to give useful information about children’s learning and development to the adults providing the program and to children and their families. † (MoE, 1996 pg. 9) Assessment of the effectiveness of the program and keeping track of the child’s development helps educators to make decisions so effective changes can be made as needed to help the child’s personal progress and learning objectives. Likewise with planning, assessment needs to consider the changes in the community, consider the needs of the child and the parents/whanau to be the most effective for the child’s learning. Evaluation is the final step in the on-going planning of children’s learning. The purpose of evaluation is to make informed judgments about the quality and effectiveness of the program. † (MoE, 1996 Pg. 29) Evaluation is a crucial part of the planning process as it gives educators a chance to assess and evaluate the effectiveness of their program planning and to be better informed for future planning. Educators need to use a range of methods to evaluate the program. This can be done by reflections, regularly updating what works well and monitoring effectiveness, consulting with patents/whanau, and most importantly making appropriate changes. Educators hold the important role of supporting and facilitating each child’s development, one method of facilitating for the child is by recognizing and providing an optimal learning environment. An optimal learning environment is a safe environment specifically designed to facilitate a child’s learning and developmental needs. Educators need to provide time and opportunity for children to respond and experience the world creatively, it also needs to offer exposure to a variety of experience, to be secure and offer stimulating experiences so children can take risks and investigate the world around them safely. Olds (2001) suggests that children need to feel comfortable in their environment for them to explore. Educators need to be vigilant in making sure that each individuals needs are met so the child feels safe and comfortable in the learning environment. Creating an optimal learning environment means educators need to consider the aspects that create this environment. Harris Helm suggests that the overall effectiveness of an early childhood program is dependant on quality of staff, suitable environment, consistent schedules and parent involvement. Another aspect educators need to consider while facilitating learning is the importance of the interpersonal environment. â€Å"Interpersonal environment refers to the relationships established in the environment. † (Planning and Learning, NZTC, 2009, pg 49. ) Educators need to provide an environment that will allow children to learn through responsive and reciprocal relationships with people (MoE, 1996). Children must feel comfortable safe and secure in order to engage in efficient and meaningful learning. Fu (2004) believes that establishing supportive, responsive relationships with children and parents/whanau helps with the development of knowledge, social skills and attitudes and reinforces learning. Building a relationship with the child and their family will help educators to have a clear understanding of the child’s development and the holistic needs of the child. Educators need to engage in constant interactions with parents to gain proper insight into the child’s individual beliefs, rituals, preference and values, so to build a personal and meaningful relationship with the child. Relationships are the heart of learning. By Building a close relationship with the child allows educators to respond sensitively to each child’s needs. By building this Positive and sensitive relationships, research has shown that it enhance a child’s development and is the base of early childhood education. Vygotsky social constructive theory of the Zone of Proximal Development can effectively help educators with providing the best support and to develop strategies to assist the learning and development of the children. The Zone of Proximal Development is described by Vygotsky as â€Å"the distance between the actual developmental level as determined by independent problem solving and the level of potential development as determined through problem solving under adult guidance, or in collaboration with more capable peer† (L. S. Vygotsky, p. 86) Vygotsky observed that when an individual was tested on tasks alone, they rarely did as well as when they were working in collaboration with an adult. The process of involvement by the adult enabled them to refine their thinking or their performance to make it more effective. James Atherton, 2009) by observing a child, educators can observe what a child needs individually, find out what is changeling for the child and work collaboratively alongside with the child and develop strategies to help further the child’s learning. From this theory the teaching strategy of Co-construction was developed. Con-construction is described as a â€Å"collabora tive process from which new understanding and concepts emerge. (Planning and Learning NZTC, 2009, Pg. 39)By collaborating together to find new understanding and concepts between the child, peers, and adults can develop strategies to offer new ideas and concepts to activities. Educators have the important role of providing a co-constructive environment by listening to the child, playing with the child, and have an active participation in their learning, to help develop a child’s interests in learning further. Educators also need to encourage children â€Å"to share what they think and know† (Planning and Learning, NZTC, 2009, pg. 39) . â€Å"Planning the curriculum should be a continuing process, involving careful observation, identification of needs and capabilities, provision of resources, assessment and evaluation† (MoE, 1996, p. 8) Observation, planning, assessment, and evaluation is an ongoing process that must be part of a daily routine. Every educator will be different in how they plan, but thru collaboration with colleagues, parents/whanau, the child, and consideration of the community will help educators to plan as effectively as they can for each individual and help them to grow and improve, and learn how to provide children with the best possible environment to learn and develop in.

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The Financial Performance Of Banks In Pakistan Finance Essay - Free Essay Example

Sample details Pages: 27 Words: 8080 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Pakistan is included in the countries that are heavily affected by each other, and any sort of chaos of any scale would surely harm Pakistans economy. A country like Pakistan that is already fighting for high food and fuel prices could pay horrible cost of global financial crisis. Pakistans economy is dealing with most horrible sort of macroeconomic discrepancies and surely need financing. Don’t waste time! Our writers will create an original "The Financial Performance Of Banks In Pakistan Finance Essay" essay for you Create order Pakistans financial development has slowed down and the flow of those financial crisis perhaps or might not strike with similar amount or strictness as those financial are doing to the urbanized world, but still there are a range of sources through which the crisis may harm Pakistans economy. The areas which are affected through these financial crisis such as United States of America Europe, grasp a primary worth for Pakistans financials. The monetary chaos is expected to influence Japan, Europe and North American countries with occupied strength. Pakistans outer division encompasses foreign investment, trade, transmittals and resources are interlinked with above economies. All these pointers of exterior sector have more than 50 per cent of the stake in this region. Fifty percent of foreign business of Pakistan is reliant on above mentioned countries. A country surely hit by bad financial conditions if foreign investment declines significantly, the demand for its exports drops and the conditions of doing business changes. Our country has a sort of inflexible trade in composition in such conditions if exports face any catastrophe, than current account shortfall will surely run farther than the bearable restrictions. The major area of the economy of any country is its financial sector, in recent times financial sector has received renewed focus in the world. And within the broad domain of the financial sector, it is the banking industry that has been the center of attraction for the government and policymakers, particularly in the landscape of the Universal Banking Model. In most sensitive businesses banking is also included. In any economy banks are very vital for its development and Pakistan is also included among those countries. Banks doesnt only play the role of guardian of assets but also operate as chief monetary mediator of any economy. Banking division controls numerous but incorporated monetary activities which may include enlistment of wealth , compilation and allocation of community business. Pakistans monetary division consists of listed Banks which comprises public sector, overseas and personal banks. Non-banking monetary Institutions comprise of home finance corporation, modarabas, Development Finance organizations, Investment Banks and leasing companies. Financial division of Pakistan is facing a complete however difficult agonizing procedure of reforms since 1997. The aim behind is to make banking sector monetarily strong and copy their associations with genuine division intended for endorsement of Investment, savings and growth. An absolute rotation in banking sector presentation isnt predictable until the conclusion of restructuring. The roughly concurrent scenery of a variety of issues makes it hard to separate symbols of development worsening. Pakistans Banking Division After witnessing a strapping growth till 2008, banking industry started presenting symbols of decelerate, as assets, investment, deposits and profitability of banking sector is on decline whereas market risk, advances, credit risk and interest risk are broaden. As per the evaluation of the State Bank of Pakistans periodical Performance evaluation of the Banking System, because of worsening macroeconomic conditions the performance of the banking structure on asset class profits has somewhat reduced. Banking sector deposit section observed a major turn down of Rs 124 billion throughout the third section of 2008. So, the allocation of deposits in the whole financial support construction reduced to 73.8 percent from 76 percent in last quarter. State bank discovered that productivity of banking structure remained firm throughout the quarter although return pointer shows somewhat decline due to advanced provisioning and working expenditures. In general Pakistani banking division h as not been as flat to exterior distresses as it happened with banks in Europe. Liquidity is tense but it has small concern about Global Financial Crisis and further concern with profound government borrowing from banking division. Several banks have established outstanding record of growth, value creation and innovation. While Mckinsey report, Banking Industry (2010) identifies four important opportunities and challenges in local Banking sector highlighting Market is falling in discontinues growth with new products, services, fee based income and Investment Banking. Windfall gains with the decrease in Interest rates would not be enjoyed. The increase in competition and added interest in Foreign Banks will intensify. With changes in the demographic factors, the requirements of service and institutional capabilities will also increase. The Mckinsey report, 2010 also highlights the facts that Foreign Banks will begin the Mergers Acquisition in recent years buying ou t old sector and new sector banks as a result new private banks and foreign banks will grow at a greater rate as compare to public banking sector. Pakistan has majority of public sector banking system monitored and or supervised by State Bank of Pakistan, and has performed best in stable way during worst times in the world financial system with less developments in innovation and inclusion. An Overview of Last Few Years At the end of 2008 statistics from the banking division witness decelerate. In October 2008, deposits reduced from Rs 3.77 trillion to Rs 3.67 trillion. Supplies for sufferers in same phase depart from Rs 173 billion to Rs 178.9 billion. For the time being, State bank has pushed economy extensive charges of interest. Amplified struggle in the banking division will force smaller banks to either sell out to other larger banks or merge. A small capital base will also restrict branch expansion of smaller banks, forcing them to focus on relatively smaller retail clients. Hence, it is foreseen that a major merger/acquisition potential in the banking sector. Competition would also spill over to other customer services such as provision of ATM machines and better banking facilities. Again, only the larger banks would be able to invest in automation technology and branch expansion necessary to improve efficiencies and mobilize cheaper funds. List of Banks in Pakistan BANKS IN PAKISTAN Public Sector Banks First Women Bank Limited The Bank of Khyber National Bank of Pakistan The Bank of Punjab Sindh Bank Islamic Banks AlBaraka Bank (Pakistan) Limited BankIslami Pakistan Limited Burj Bank Limited Meezan Bank Limited Dubai Islamic Bank Pakistan Limited Private Banks Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Bank Al Habib Limited Faysal Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited JS Bank Limited KASB Bank Limited MCB Bank Limited NIB Bank Limited Samba Bank Limited SILKBANK Limited Soneri Bank Limited Summit Bank Limited United Bank Limited Foreign Banks Barclays Bank PLC Citibank Pakistan Operations Deutsche Bank AG Pakistan Operations HSBC Bank Middle East Limited Pakistan Operations Industrial and Commercial Bank of China Limited Pakistan Branches Oman International Bank S.A.O.G Pakistan Operation s The Bank of Tokyo-Mitsubishi UFJ Limited Pakistan Operations Development Financial Institutions House Building Finance Corporation Pak Brunei investment Company Limited Pak China Investment Company Limited PAIR Investment Company Limited Pakistan Kuwait Investment Company Limited Pak Libya Holding Company Limited Pak Oman Investment Company Limited Saudi Pak Industrial Agricultural Investment Company Limited Specialized Banks Industrial Development Bank of Pakistan The Punjab Provincial Cooperative Bank Ltd SME Bank Limited Zarai Taraqiati Bank Limited Micro Finance Banks / Institutions KASHF Microfinance Bank Limited Khushhali Bank Limited Apna Microfinance Bank Limited NRSP Microfinance Bank Limited Pak Oman Microfinance Bank Limited Rozgar Microfinance Bank Limited Tameer Micro Finance Bank Limited The First Micro Finance Bank Limited The Problem Statement Global financial crisis hit all the financial institutions around the world. Banking divisions performance, insolvency or solvency has been specified a great deal of consideration at domestic as well as at global level. This aim of this research is to analyse the financial performance of Pakistani banks, the major reasons of their decline/incline nowadays, problems faced by them in recent time and the Initiatives that should be taken to bolster bank operations in Pakistan. Objectives of the Study Eventual purpose of this research is to gauge the financial performance of banks under study. It can be broken down as follows: To examine the monetary performance of banks To carry out the aspects which have directed to existing financial conditions Propose procedures for the banks on the basis of results of the research, which will help banks to improve financial performance Scope of the Study This study or analysis of the banks will help in gauging the performance of banks in Pakistan. It includes detailed study of renowned banks operating in Pakistan for the period undertaken. Limitations of the Study Results of the research are merely based upon the information given by institutions and other secondary sources. The key issues which can obstruct the current expected performance of banks are monetary circumstances and government strategies. This research is limited to the study of banks operating in Pakistan. Basic Assumptions For this research I have taken the following assumption: The data provided by the banks for research analysis is completely true The banks under consideration had some consequence of financial crisis Key terms CAMEL model, Non banking Financial Institutions, Development Finance Institutions, Financial Crisis, Financial Performance, Banking, Performance Evaluation. Chapter 2 Literature Review Introduction Banking profits have gained significant importance in recent years as banks are the institutions, which contribute for overall economic activities that are happening in any country. Post 1990s, due to financial liberalization and deregulation of Banks, there has been entry of foreign banks and some large private sector banks with the huge capital and man power has played a key role in Pakistani economy. Even public sector has not lagged behind as they have constantly changed and adapted to the new technological innovations. Banks traditional mode of getting funds at a low cost and the spread between getting funds and providing loans and advances has reduced. Thus, traditional banking activities yielded low profits and banks started looking for new avenues for increasing their bottom-line (Chowdhury Chowdhury, 2010). According to Chowdhury, Banking conventions usually suggests that with the increase in fee based income, risks can be diversified. Thus, Pakistani banking sector ha s to focus on fee based income like other developed nations. Thus it becomes important to understand the factors play in non interest income, interest income, total profit and total income in order to provide stability to business of banking. Few Studies have revealed that the consequence of privatization on banks effectiveness efficiency revealed that privatized banks have executed better than completely public division banks they are transmittable with banks in private division (Sathye, 2005). The major factors affecting the profitability and efficiency of the banks were directed investments, directed credit, growth in assets, growth in advances and increased proportion of other income in total income of the banks (Bhaumik and Dimova, 2004). The Banks liquidity position was severely affected due to increasing mismatches in deposits and credit growth rates, apart from several structural components such as huge gaps in maturity of assets and liabilities due to increasing ex posure in infrastructure projects, which are long term in nature. The Banking Stability, when compared to previous period depicted relative movements in risk parameters of the banking system over a period of time, which indicated marginal rise in the risks with reference to liquidity compared to the previous year. However, the Banking Stability Indicator, showed overall improvements in stability compared to the previous reporting period (State Bank of Pakistan, 2012). Historical Perspective To compute the monetary reliability of banks excellence of management, financial ratios are used. Say for example, controller of banks uses financial ratios to calculate effectiveness of banks (YUE, 1992). Beaver (1996), Altman (1968), Maishanu (2004), Mous (2005) used financial ratios to evaluate the performance appraisal of banks, experiential proof by them are present. Basically Camel framework was proposed to conclude at what time to program on-site assessment of any bank (Thomson, 1991; Whalen and Thomson, 1988). The factors of CAMEL model show increased probability of bank breakdown while whichever of factor demonstrate insufficient, and they are capital adequacy, asset quality, management soundness, earnings profitability and Liquidity. Agenda behind selection of CAMEL factors is that every factor signifies key component of banks financial statements. There are a number of studies which supply clarification of choosing CAMEL model; they are Lane et al. (1986), Looney et al. (1989), Thomson (1991), Elliott et al. (1991) and Eccher et al. (1996). The first being to employ financial ratios to forecast bankruptcy was Beaver (1966), though his study was limited for looking one ratio at a time. Altman (1968) altered the concept of Beaver by means of using numerous categorized studies. The study joined data of various financial ratios in a solitary forecasting model. The z-score model of Altmans was output of his numerous categorized studies and it was famous for a lot of decades because his model was simple correct. Maishanu (2004) recognized 8 financial ratios which can provide information to the analysts of finance. He also introduced another model which was used to predict breakdown of commercial banks. Cole et al. (1995) conducted a study on A CAMEL Ratings Shelf Life and the findings of them proposed that a bank should be examined in a time period of maximum two quarters. Godlewski (2003) tested soundness of CAMEL model to determine the de fault of a bank in rising economies. Said and Saucier (2003) examined the liquidity, solvency and efficiency of Japanese Banks with CAMEL rating tactic for the period of 1993 1999 of a delegate sample, the focus of their study was capital adequacy, assets quality, management capability, earnings ability and liquidity of Japanese banks. Prasuna (2003) analyzed the performance of Indian banks by adopting the CAMEL Model. The performance of 65 banks was studied for the period 2003-04. The author concluded that the competition was tough and consumers benefited from better services quality, innovative products and better bargains. Bhayani (2006) analyzed the performance of new private sector banks through the help of the CAMEL model. The sample was four leading private sector banks. Gupta and Kaur (2008) conducted the study with the main objective to assess the performance of Indian Private Sector Banks on the basis of Camel Model and gave rating to top five and bottom five banks. Th ey ranked 20 old and 10 new private sector banks on the basis of CAMEL model. They considered the financial data for the period of five years i.e., from 2003-07. K.V.N. Prasad (2012), in his research A Camel Model Analysis of Nationalized Banks in India stated that banking sector is one of the fastest growing sectors in India. Todays banking sector becoming more complex. Evaluating Indian banking sector is not an easy task. There are so many factors, which need to be taken care while differentiating good banks from bad ones. To evaluate the performance of banking sector we have chosen the CAMEL model which measures the performance of banks. After deciding the model we have chosen twenty nationalized banks. According to the importance of study each parameter is given equal weights. In the process of continuous evaluation of the banks financial performance both in public sector and private sector, the academicians, scholars and administrators have made several studies on the CAMEL model but in different perspectives and in different periods. Current Perspective In 2010 K.V.N. Prasad and G. Ravinder did a research named, A CAMEL model analysis of nationalized banks in india which was published in International Journal of Trade and Commerce-Iiartc. In this research they mentioned that banking sector is one of the fastest growing sectors in India. Todays banking sector becoming more complex. Evaluating Indian banking sector is not an easy task. There are so many factors, which need to be taken care while differentiating good banks from bad ones. To evaluate the performance of banking sector we have chosen the CAMEL model which measures the performance of banks from each of the important parameter. After deciding the model we have chosen twenty nationalized banks. According to the importance of study each parameter is given equal weights. K.V.N. Prasad and G. Ravinder (2010) also stated that CAMEL is basically ratio based model for evaluating the performance of banks. It is a management tool that measures capital adequacy, assets quality, and efficiency of management, earnings quality and liquidity of financial institutions. The period for evaluating performance through CAMEL in this study ranges from 2005-06 to 2009-10, i.e., for 5 years. The absolute data for twenty nationalized banks was collected from various sources such as annual reports of the banks, Prowess, Ace Analyzer, Analyst journal and average of each ratio calculated for the period 2006- 10. All the banks were first individually ranked based on the sub-parameters of each parameter. The sum of these ranks was then taken to arrive at the group average of individual banks for each parameter. Finally the composite rankings for the banks were arrived at after computing the average of these group averages. Banks were ranked in the ascending/descending order based on the individual sub-parameter. The conclusion of the research done by K.V.N. Prasad and G. Ravinder (2010) states that economic development of any country is mainly influenced by the growth of the ba nking industry in that country. The current study has been conducted to examine the economic sustainability of a sample of thirty nine banks in India using CAMEL model during the period 2006-10. The study revealed that: Canara Bank stood at top position in terms of capital adequacy, In front of asset quality, Andhra Bank Bank of Baroda was at top most position, In context of management efficiency, Punjab Sindh bank positioned at first, In terms of earnings quality Indian Bank sustained the top position, Bank of Baroda rated top in case of liquidity position, Overall performance table shows that, Andhra Bank is ranked first followed by Bank of Baroda, Punjab Sindh Bank, Indian bank , Corporation Bank, In bottom five, Central Bank of India was on the last position. Mihir das Annesha das (2009), analysed Indian banking industry using CAMEL model, they states that Indian banking sector holds a key position in Indian economy, banks act as mediator between all businesses. In this wa y Indian banking division plays a vital role in state profits. So the analysis evaluation of banking sector is very important. They analyzed 58 banks and the data used was before global financial crisis. The study concludes that private banks are improved as compare to public banks for the period data was collected. The main reasons of better performance of private banks were the quality of management and profitability of banks. Public sector banks need to have quick response to altering market circumstances to fight with private banks. The reason of difference between their performances is due to the credit policy they have adopted, service provided to customers and shaking hand with changing IT environment in the banking industry. To improve the performance public division banks change their credit lending policy that will also result in improved quality of assets and better profitability. Banks should monitor the profitability and strength of borrowers on a continuous basis beca use it will decrease the hazard of non performing assets. Banks should advance the marketing tactics and alter their distribution phenomenon to magnetize more clients and then supply them with best customer service. Banks should also progress in employee motivation efficiency. There are some limitations inherent in the present study. The sample size used for the study is limited. Further, the study period was limited due to the limited availability of data. Another limitation was in the nature of the overall CAMELS rating used: the rating gives undue importance to the factors of management soundness and earnings. Further, the CAMELS framework is not a comprehensive framework; for example, it does not take into consideration other forms of risk (such as credit risk). Further studies can incorporate other risk factors into the framework to provide a more comprehensive measure of banking performance. B. Nimalathasan (2009), A comparative study of financial performance of bankin g sector in Bangladesh an application of CAMELS rating system The Banking sector in Bangladesh is different from the banking as seen in other developed countries. This is one of the Major Service sectors in Bangladesh economy, which divided into four categories of scheduled Banks. These are Nationalized Commercial Banks (NCBs), Government Owned Development Financial Institutions (DFIs), Private Commercial Banks (PCBs), and Foreign Commercial Banks (FCBs). Performance of financial Institution is generally measured by applying quantitative techniques of financial measurement. It is a post mortem examination techniques of achievement of a bank. Many Studies are conducted in different countries to judge the performance of their banking system, using different statistical methods such as Data Envelopment Analysis (DEA) and Stochastic Frontier Approach (SFA). The present Study is initiated a Comparative Study of Financial Performance of Banking Sector in Bangladesh using CAMELS rating s ystem with 6562 Branches of 48 Banks in Bangladesh from Financial year 1999-2006. CAMELS rating system basically quantitative technique, is widely used for measuring performance of banks in Bangladesh. Accordingly CAMELS rating system shows that 3 banks was 01 or Strong, 31 banks were rated 02 or satisfactory, rating of 07 banks was 03 or Fair, 5 banks were rated 4 or Marginal and 2 banks got 05 or unsatisfactorily rating. 1 NCB had unsatisfactorily rating and other 3 NCBs had marginal rating. Secondary data were used for the present study. The annual data for all banks during the financial years of 1999-2006 are used for rating the performance of the banks. In addition another source of data was through references to the library and the review of different articles, papers, and relevant previous studies. The sample for this studies all branches of the banks in Bangladesh. The Banking sector in Bangladesh is different from the banking sector as seen in developed countries. Thi s is one of the major service sectors in Bangladesh economy and can be divided mainly into four categories Nationalized Commercial Banks (NCBs), Government Owned development finance Institutions (DFIs), Private Commercial Banks (PCBs), and Foreign Commercials Banks (FCBs). At present there are 48 Scheduled banks operating in Bangladesh of these 4 are nationalized, 5 are development finance institutions, 30 are local private commercial and 9 are foreign commercial banks. All branches of the banks are taken for the present study. In the preceding analysis, it has been that the performance measurement of a bank under traditional measures as CAMELS rating techniques. CAMELS rating system basically quantitative technique, is widely used for measuring performance of banks in Bangladesh. Accordingly CAMELS rating system shows that 3 banks was 01 or Strong, 31 banks were rated 02 or satisfactory, rating of 7 banks was 03 or fair, 5 banks were rated 04 or Marginal and 2 banks got 05 or unsatisfactorily rating. 1 NCB had unsatisfactorily rating and other 3 NCBs had marginal rating. Zohra Jabeen (2010), Study of the efficiency measures in the banking sector in Pakistan (2006-2010) quantitative analysis with qualitative inferences Achievement of Efficiency is considered to be an important factor for all entities, yet it is a tricky one, primarily because it is measured in relative and comparative terms. For the financial sector, it has tremendous importance, having material benefits and losses too. Therefore it becomes an important benchmark of achievement. This study is first part of a series of studies to be continued in the efficiency measurement in the financial sector in Pakistan. The current study measures efficiency of fourteen select banks in the financial sector of Pakistan and addresses the interpretation of efficiency. It uses the parametric OLS technique, using the definition of efficiency and the set of variables chosen from the CAMEL rating system o f the regulators of financial institutions. It further applies the non parametric Data Envelopment Analysis Approach to the sample and assesses their relative efficiency in terms of inputs and outputs of the intermediation approach. It discusses the results in the context of the background of the variables of assessment and their relationship to efficiency of banks. The study aims at finding a better view of performance in the financial sector for more reliable results. The paper is part of an ongoing study regarding efficiency assessment in the banking sector in Pakistan. At its initial step, it provides important clues to the efficiency assessment measures for financial institutions in Pakistan. It followed the established research methodology for the OLS technique and the DEA analysis. We can deduce from the results of the OLS method that the CAMEL ratios do attempt to gauge the efficiency ratios of the sample under considerations. Within the five independent factors, the CAR and Ern have significant predictability. The results show that the CAR and Ern ratios are the most significant contributors to the ER, and these conform to previous studies. However, if we simply find out the efficiency ratio for the sample banks, the ones which have a good efficiency ratio do not necessarily have the same standing in CAR and Ern ratios. The results of the DEA technique are not giving any conclusive answers, as to which bank is less efficient, except Bank Islami which appears to be overall inefficient. It is showing nine out of the sample of fourteen banks to be efficient. Therefore there is need for further work on the application of the DEA Model, before being conclusive on the results. The main point to ponder seems to be whether the large majority of the sample banks are actually efficient. Whether, these high values of efficiency have anything to do with the high interest rate spread in the market, or not? It is suggested that the study be expanded to includ e more variables that may be considered to be important in measurement of efficiency. However, (it is seen from the preliminary review of literature that) the DEA approach in the financial sector, has lack of consensus or consistency in choosing variables as inputs and outputs (Kabir, (2006), Elisa and Luca (2007) and others). Similarly, with different choices, the results are very different and it is feared that these quantitative tools can be misunderstood or misleading in results. The study was limited to a five year data (2006-2010). This can be expanded to include more years beyond 2005 backwards and perhaps more banks and Development Financial Institutions to get a better view of the financial sector in Pakistan. In this study, the GAP analysis was not conducted. It was limited to CAMEL and not CAMELS. This is the S part of the CAMELS assessment. GAP ratio is commonly termed as a sensitivity ratio showing the exposure of the financial entity to interest rate risk. The Curre nt year Cumulative Yield/Interest Risk Sensitivity Gap minus previous year Cumulative Yield/Interest Risk Sensitivity Gap gives up the GAP. However, with our ratios form in the CAMEL, a ratio like figure was required. More insight into the GAP working is needed in further study in this area. Rehana K. Irum S. (2010), gauging the financial performance of banking sector using CAMEL model: comparison of conventional, mixed and pure Islamic banks in Pakistan The study is a comparison based on performance of Pure Islamic banks, mixed banks (we use this word for all those banks that have their Islamic as well conventional branches) and conventional banks using CAMEL model. It is an appropriate and simple model to evaluate the financial and managerial assessment of institutions. The ratios defined by CAMEL method are analyzed by using ANOVA to investigate any significant difference. The data analysis is done using SPSS. Based on our analysis, we found that Islamic banks have adequate c apital and have good asset quality when compared to Islamic branches of conventional banks and conventional banks. Moreover, Islamic banks in general have good management competency in comparison to conventional banks. The earnings of Islamic branches of conventional banks are greater than full-fledge Islamic banks and conventional banks. Finally, it can be concluded that Islamic banks have a developing setup. As study is related to the performance assessment of banking sector based on the CAMEL model so following section explained the variables of study. Based on CAMEL, there are five categories of variables. These categories are Capital Adequacy, Asset Quality, Management Capability, Earnings, and Liquidity. Statistical findings reveal that there are significant differences in the mean CAMEL ratios of three bank types. The performance measurements of Islamic banking in Pakistan are different in comparison to the results drawn from the similar studies done in other parts of t he world. For example it is argued that UAE Islamic banks are relatively more profitable, less liquid, less risky, and more efficient as compared to the UAE conventional banks. Samad Hassan (2000) revealed in their study that BIMB (Bank Islam Malaysia Berhad) is less profitable, relatively less risky and more solvent as compared to conventional banks of Malaysia. The difference in results is largely due to the fact that Islamic banking has longer history in these countries as compared to Pakistan where full-fledged Islamic banking started merely few years back. Moreover, conventional banking has a longer history, deeper roots, vast experience of learning from the financial markets mechanisms, and larger share in the Pakistan financial sector. Considering these facts of the matter, we dont find the results of our study surprising. However, the way Islamic banking sector is improving and growing in Pakistan. Islamic Banking Department was established on 15th September, 2003 and ha s been entrusted with the task of promoting and developing the Shariah Compliant Islamic Banking as a parallel and compatible banking system in the country. Islamic Banking is one of the emerging field in global financial market, having tremendous potential and growing at a very fast pace all around the world. In January 2002, Meezan Bank Limited was granted first Islamic Banking License by State Bank of Pakistan. The progress of Islamic Banking in Pakistan has also been commendable during the last Five years. Currently there are six licensed full-fledged Islamic Banks and twelve conventional banks with independent Islamic Branches. The Evaluation Model CAMEL CAMEL is basically ratio based model for evaluating the performance of banks. It is a management tool that measures capital adequacy, asset quality, efficiency of management, quality of earnings and liquidity of financial institutions. Variables There are five categories of variables in which multiple ratios are calculated, these categories are Capital Adequacy, Asset Quality, Management Capability, Earnings and Liquidity of the institutions, all are specifically explained below: Capital Adequacy In banks perspective it is important to preserve depositors assurance and avoiding the bank from getting bankrupt. This factor imitates the whole financial situation of bank and also the capability of management to congregate the need of added funds. Below mentioned ratios determine capital adequacy: Capital Adequacy Ratio (CAR): The capital adequacy ratio is developed to make sure that banks can soak up rational level of losses occurred due to operational losses and determine the capacity of the bank in meeting the losses Debt-Equity Ratio (D/E): The extent of leverage of a bank is specified by this ratio. This ratio point out the level of a banks business funded by debt the level of equity Advance to Assets Ratio (Adv/Ast): This is the ratio which point out banks assertiveness in lending whose eventual outcome showed in improved profitability Government Securities to Total Investments (G-sec/Inv): It is an important indicator showing the risk-taking ability of the ba nk. It is a banks strategy to have high profits, high risk or low profits, low risk. Asset Quality The excellence of all assets is significant factor to measure the potency of any bank. Key dictum of gauging assets quality is to determine the part of non-performing assets as a percentage of the total assets. Ratios which are calculated to review the asset quality are: Net NPAs to Total Assets (NNPAs/TA): This ratio discloses the efficiency of bank in assessing the credit risk and, to an extent, recovering the debts Net NPAs to Net Advances (NNPAs/NA): It is the mainly usual calculation of asset quality which measures net non-performing assets as percentage to net advances Total Investments to Total Assets (TI/TA): It indicates the extent of deployment of assets in investment as against advances Percentage Change in NPAs: This measure tracks the movement in Net NPAs over previous year. The higher the reduction in the Net NPA level, the better it for the bank Management Efficiency CAMEL models another vital component is Management efficiency. Ratios in this section include subjective study to compute the competence and efficacy of management. The ratios used to evaluate management efficiency are described as: Total Advances to Total Deposits (TA/TD): A banks managements effectiveness is measured through this ratio. It measures the capability of banks supervision in changing the funds deposited with the bank excluding other funds like equity capital, etc. into high earning advances Profit per Employee (PPE): Surplus generated per employee is revealed through this ratio. Total number of employees is placed in denominator and income after tax generated by the bank is placed in numerator, the answer is calculated by dividing the friction. Business per Employee (BPE): Output of a bank produced through human force is calculated through this ratio. To determine the effectiveness of human force which generates business for the bank business per employee rat io is a vital tool to deploy Return on Net worth (RONW): It is the calculation of prosperity of bank. Here, PAT is expressed as a percentage of Average Net Worth. Earning Quality The quality of earnings is a very important criterion that determines the ability of a bank to earn consistently. It basically determines the profitability of bank and explains its sustainability and growth in earnings in future. The following ratios explain the quality of income generation. Operating Profit to Average Working Funds (OP/AWF): This ratio indicates how much a bank can earn profit from its operations for every rupee spent in the form of working fund Percentage Growth in Net Profit (PAT Growth): It is the percentage change in net profit over the previous year Net Profit to Average Assets (PAT/AA): This ratio measures return on assets employed or the efficiency in utilization of assets Liquidity Risk of liquidity is curse to the image of bank. Bank has to take a proper care to hedge the liquidity risk; at the same time ensuring good percentage of funds are invested in high return generating securities, so that it is in a position to generate profit with provision liquidity to the depositors. The following ratios are used to measure the liquidity: Liquid Assets to Demand Deposits (LA/DD): A bank meets demands from depositors in a specified time period is due to its ability; this ratio computes that capability of the bank. To offer higher liquidity for them, bank has to invest these funds in highly liquid form Liquid Assets to Total Deposits (LA/TD): Liquidity available for the whole deposits of a bank is calculated through this ratio Liquid Assets to Total Assets (LA/TA): It measures the overall liquidity position of the bank. The liquid asset includes cash in hand and wealth at call short notice. The entire assets include the revaluation of all the assets G-Se c to Total Assets (G-Sec/TA): It measures the risk involved in the assets. This ratio measures the Government securities as proportionate to total assets Approved Securities to Total Assets (AS/TA): This is arrived by dividing the total amount invested in Approved securities by Total Assets CHapter 3 Research Methodology Research Strategy The research strategy selected is Archival Research because it formulates the utilization of administrative proceedings and credentials as the primary resource of information. Though the word archival has chronological associations, it may refer to current as well as chronological statistics. Sampling Technique I have selected non probability sampling (or non-random sampling) which endow with a variety of procedures to pick sample on the basis of subjective judgment. In such type of research plans my objectives, research question and choice of research strategy utter non-probability sampling. Sampling Method The method selected is Purposive or judgmental sampling. This form of sample is frequently used while functioning with very small samples and when you aspire to choose cases that are mainly informative. It enables me to judge select cases that best permit me to respond my research query and to meet my objectives. Sample size Matter of sample size is indefinite and unlike probability sampling, there are no regulations. Rather the rational association among sample selection method the reason and focus of study is vital. Consequently, sample size is reliant on study question and objectives, what will be useful, what will have credibility, what I need to find out and what can be achieved through accessible resources. Data Type The data type can be classified into three types that can be implemented in quantitative analysis of financial problems they are time series data, panel data and Cross sectional data. However, for our research we will consider Panel Data. Thus panel data have both the dimensions of time series and cross sectional data and the judgment of panel regression is considered to be developing and interest area in econometrics. Research Model This research is based on the econometric analysis using Regression Model to get the results by plugging in the different variables or more specifically financial ratios and or the values which is reflected in the balance sheet of the banks. Before we could look into the various variables used in the model and their description we have to throw a light on the importance and usefulness of econometric analysis and regression model used in this study. Econometric Analysis Econometrics is Measurement in economics. As the origination of the econometrics is derived from the economics and can be seen from the first four letters Econ (Brooks, 2005). It can also be said as The combination of the probability, sampling and economic models results in an econometric model that will connect a specified sampling process to data. The adjective of the econometric arises from the realization, identification and incorporation of an economic component into the formation and interpretation of the model. Econometric model signifies our knowledge on sampling of economic values in the form of random variables that can be interpreted, have dependence structure and have joint probability distribution (Mittelhammer Miller, 2000). To certain degree the econometric model can be represented as accurate measure of true data sampling. The model thus highlights an overview of analyst knowledge of group of economic outcomes and gives the indication about what is assum ed and what is left to be discovered in the process of research (Mittelhammer Miller, 2000). Regression Model Regression analysis or model is the considered to be the most important tool in the hands of econometrician. Regression model enables to describe evaluate the association among known variable one or more other variables (Brooks, 2005). Thus, regression clarifies the ups and downs in variable with reference to ups and downs in one or more other variables. Regression considered as more powerful and flexible than correlation. In regression both dependent variable (y) and independent variables (x) are considered different. Variable y is said as stochastic (random) that is to encompass a probability distribution. The x variable is said to be non-stochastic (fixed) value in repetitive samples. Linear Regression model equation for a straight line can be shown as below y= a+bx+u where, y=Dependant variable, a=coefficient, b=coefficient, x=given observations or samples, u= Residual or u ~ N(0,1) However, we also use the below equation which is extension of the above equation. Y=a+bx1+cx2+dx3+ex4+fx5+gx6+hx7+ix8+jx9+kx10+lx11+mx12+nx13+ox14+px15..+ut Where X1, X2, X3ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦..Xn states the given observations or samples in panel data The below are the variables used in our panel data to find out the random variables that can be interpreted. Those are Dividend payout ratio, Return on Capital, Return on Assets, Income growth rate, Profit per Employee, Total debt to Capital, Long term debt, GDP Growth rate, Market Share, Capital Adequacy-Basel II, Credit -Deposit Ratio, Investment-Deposit Ratio, Net NPA to Net Advances, Business per Employee and Dummy Variable. These variables are explained below in detail along with their computation methodology. Dividend Pay-out Ratio Dividend payout ratio is one of the variables used in our econometric model. It comes under the profitability ratios of the banks or companies. The D/P ratio which calculates the association among income belonging to usual shareholders and dividend rewarded to those shareholders. It can be said as Dividend payout ratio shows percentage share of total income after tax and preference dividend is given as dividend to equity share holder (Khan Jain, 2005). Below equation shows how the dividend payout ratio is calculated. Dividend pay-out ratio = Total cash dividend to equity holders / Total net profit belonging to equity holders X 100 This ratio is widely used ratio across the world and it can be compared with so many years trend and to highlight the comparison of adequacy of the inter-firm or intra-industry. Thus, in the econometric model this variable is used to highlight the adequacy of the banks operating in Pakistan. Return on Capital It is also known as Return on Capital Employed and similar to ROA except that earnings are associated with entire wealth in use. Meaning of entire wealth in use is long-term funds given to owners or lenders of the bank or company. ROC can be calculated in two ways i. ROC can be equal to long term liabilities + Owners equity, ii. ROC equals to net working capital + fixed assets. This ratio highlights how efficiently and effectively the long term funds of owners and lenders of the bank or company has been utilized and also reflects higher the ratio it is recommended (Khan Jain, 2005). It can be calculated in many ways important being shown below ROC = Net profit after taxes + Interest ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢ Tax advantage on Interest / Average total capital employed ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢ Average intangible assets X 100 Income Growth Rate Income Growth Rate (IGR) is the maximum rate at which bank or any company can grow in terms of sales or assets without any external financing. In simple words IGR is the percentage of total income of any individual bank out of the group (namely, public, private or foreign bank). There are certain assumptions to evaluate IGR they are i. Assets increase in proportion to the sales, ii. The Earnings after Tax is directly proportionate to sales, iii. The bank can have target retention ratio which it can maintain, iv. Bank does not raise external funds to finance assets (Khan Jain, 2005). IGR = ROA X Retention Ratio / 1 ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢ (ROA X Retention Ratio) Return on Assets Return on Assets is one of the important profitability ratios and calculated in provision of association among assets and net profits. It is also known as profit-to-asset ratio. ROA is Earnings after tax available to owners and interest to creditors. Assets are financed by both owners and creditors. Below is the method to compute the ROA. ROA = Net Profit after tax + Interest / Average total assets X 100 Profit per Employee It is known as the return on intangibles. In the recent past the profit per employee (PPE) has generated incomes to the several banks in the form of intangibles income and Profit per employee is one and return on invested capital (ROIC) is other which modern companies or Banks adopt. The very measure of Profit per employee gives emphasis on return on talent. The approach will lead the managers to increase profits relative to people employed in a company (Bryan, 2007). In short a net profit is divided per head of employed staff or employee is a recent way to assess the profits of the bank or a company. Total Debt to Capital The Total Debt to Capital is a leverage ratio and its the relationship between creditors funds and owners capital. Total capitalization of a bank or a company is related to liabilities from outside and not merely from equity of shareholders only. The total debt of bank consists of Long term debts + current liabilities and total assets encompass of stable capital + current liabilities. There are several approaches to find out or compute debt to capital ratio one of the important being Total Debt to Capital Ratio = Total debt / Total Assets Long Term Debt The Long term debts are obligations in the form of loans and advances which exceeds more than one year or the maturity of the loans such as bonds, notes and commercial papers. It is in the ability of the bank/firm to pay off the long term debts to show its solvency. If it is unable to pay of its long term debt may lead to insolvency or winding up of the bank or a firm. GDP Growth Rate The Gross Domestic Product (GDP) growth rate is the sell price of all the commodities and services produced during a period of one year in a country. There are two types of GDP they are real GDP and nominal GDP. The economic growth rate or real GDP growth rate is percentage change in variable (Mishkin, 2010). This can be computed as GDP Growth rate = ÃÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¥ÃƒÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¡ÃƒÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢ÃƒÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¥ÃƒÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¡ÃƒÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢1 / ÃÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¥ÃƒÆ' °Ãƒâ€šÃ‚ Ãƒ ¢Ã¢â€š ¬Ã‹Å" ¡ÃƒÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢1 X 100 Where, t indicates today and t-1 a year earlier. Market Share Market Share means the position or the place in which the bank or a company is placed within the similar group of companies taking into consideration any one of the component for comparison out of the other banks in a group or sector or industry. Thus, in our case we have taken into consideration as Advances out of each group total advances disbursed in a year versus the individual banks advance disbursement in a year. Market Share (%) by Group-wise = Individual Bank Advance / Total Advances of Group X 100 Capital Adequacy-Basel II The Capital to Risk-Weighted Assets Ratio is measure be maintained by all the scheduled commercial banks operating in India as Capital Adequacy norms prescribed by Basel II. As per The Committee on Banking Regulations and Supervisory Practices (Basel Committee) Capital Adequacy Ratio or CRAR: It is ratio of capital fund to risk weighted assets expressed in percentage terms with minimum capital requirements under Tier I, Tier II. This has to be followed very stringently by all the banks without failing as per the Basel committee. Credit-Deposit Ratio The Credit-deposit ratio means amount of loan-assets created by banks from deposits collected from customers. The concept of CDR was first implemented by RBI in 1980 to Public sector banks to maintain 60% in semi urban and rural areas in order to encourage the decrease of inter-regional imbalances and convince the banks to lend in semi urban and rural areas where they mobilized the deposits. Investment-Deposit Ratio In the similar way to CDR, Investment- Deposit Ratio means the sum of both long term and short term Investments on other banks, advances and loans, share market etc. divided by the sum of the amount collected by bank on various accounts such as Savings Bank Account, Recurring deposit account, current account and fixed account. Net NPA to Net Advances Non-Performing Assets are one which challenges the banks stability and profitability by the way of loss of interest income, waving off the principal and so on. Net Non-Performing assets: Can be computed by deducting accounting items like payment received partially, interest due but not recovered. Thus, Net NPA to Net Advances is a ratio to measure on how much advances issued has turned into unrealized or bad debt. Thus, giving signal to banks if it crosses the limits to which the bank cannot sustain. Business per Employee Business per Employee means the overall business generated by each employee who is working in any organization or bank. This can be done by dividing overall business generated divided by per head of the employees working in each of the banks forming business per employee. Dummy Variable In economic and financial modeling, its frequent that one or more residuals will cause to the rejection for the assumption of normality. Thus, leading to observations would appear in the tails of the distribution and would therefore lead u, which enters into the definition of kurtosis since its very large. Those data which does not fit with the pattern of data are said to be outliers. In this case to increase the normality curves is to use dummy variables. The dummy variables are simply used like other variables in the regression model. Yt = ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²1 + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²2 x2t + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²3 x3t + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²4DUMMYt + ut The dummy variable considers the value one for single observation from whole of the sample panel data by making the residual of that panel observation to zero. It is also known as the sensible way to use dummy variables to the regression model if both the statistical need and theoretical justification for the inclusion (Brooks, 2005).

Analysis Of The Crucible And A Scene by Arthur Miller Essay

Analysis Of The Crucible And A Scene by Arthur Miller The Crucible was first produced in 1953 during the McCarthy political witch-hunt. The Crucible is governed around, the corrupted degeneration of society during this sombre period. Arthur Miller saw many parallels in this period with the witch hunt in Salem, Massachusetts in 1692. Most significantly the naà ¯ve yet extremely unjust accusations, the forced confessions and ultimately the growth of such a diminutive event into mass hysteria. These witchcraft trials were classic examples of mass hysteria, resulting in the hanging of countless reputable People on the, charges of transactions with the devil. The people who convicted them were as†¦show more content†¦The great success of this play is profoundly due to the language Arthur Miller has used. It is convincingly old-fashioned; the language is partly based on records of trials in Salem. He manages to balance, the need for plain sentences and the need for authenticity and realism well. He uses He uses archaic terms such as harlet and poppet. He balances out this historical originality by using simple literary techniques, such as simile and metaphor. The use of these two techniques, make his utilisation of double negatives (such as; He cannot discove no medicine for it met in his books) and changing verb tenses (such as; -I know you have not opened with me. He give me nine pound damages.) A great deal easier to comprehend. The language Miller has attributed to each character, very Cleary defines the affluency value of one character in relation to another. 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Document Type: Critical essay Bookmark: Bookmark this Document Full Text: COPYRIGHT 2008 Gale, Cengage Learning Title Re(dis)covering the Witches in Arthur Millers The Crucible: A Feminist Reading [(essay date fall 1994) In the followingRead MoreThe Voice Of Reason By Arthur Miller s The Crucible1379 Words   |  6 Pages The Voice of Reason Arthur Miller’s The Crucible emphasizes different human flaws and their dangerous impact on Salem in 1692. By analyzing the effects of arrogance, blind faith, and guilt, Miller creates the dynamic character Reverend Hale. As Hale struggles with overcoming his own flaws, he transforms from a zealous man focused on gaining respect into the voice of reason amidst the chaos and corruption ofRead MoreEvolution Of The Witch From Early American Literature1609 Words   |  7 Pageshats. However, if we completely examine the different texts such as The Conjuring or The Crucible, we can see that certain events in that time might have had an influence on the portrayal of the witch. Most stories do not involve these typical characteristics, but it is very fascinating to see the differences between the stories. When examining the changes of witches in time, three sources will be used. The Crucible, Hocus Pocus, and The Conjuring will aid me in examining the variation of witches. TheyRead MoreThe Crucible By Arthur Miller1431 Words   |  6 PagesThe quality most necessary in a leader and a catalyst for hysteria is the ability to manipulate. The play The Crucible by Arthur Miller depicts the events that occurred in 1690s in Massachusetts best known as the Salem Witch Trials. These events center on a group of young girls who are found dancing in the woods with a black slave. Among them is Abigail Williams, a 17 year-old-girl desperate to conceal her affair with a married man and escape charges of witchcraft. In an attempt to pull the spotlightRead MoreThe Crucible By Arthur Miller1545 Words   |  7 PagesIn â€Å"The Crucible,† Arthur Miller portrays two females whose characters, when juxtaposed, look to vastly distinction each and every different. Although the specific phrases aren t used, one girl is basically put forth within the story as â€Å"good† and the other woman as â€Å"evil.† Such black and white rulings of these characters would be close to ironic, in view that that Arthur Miller wrote his play to reveal the risks of judging humans with different mindsets or perception systems. Miller portrayed thatRead MoreThe Crucible By Arthur Miller1138 Words   |  5 Pages Arthur Miller’s The Crucible takes place in a puritan 17th century Salem town, where a distinct line separates right from wrong. Puritan ideals define the individuals living in Salem, and John Proctor, the protagonist, finds himself struggling to realize and act on these ideals. Miller portrays Proctor in different lights throughout the course of the play, as Proctor often finds himself engrossed in the heat of the hysteria driven town. His character starts out lacking any heroic or admirable featuresRead MoreThe Relationship Between Abigail Williams In The Crucible1093 Words   |  5 Pages Often in literature, characters relationships change and evolve. In â€Å"The Crucible† by Arthur Miller we are shown the events of the 1692 S alem witch trials from the perspective of the townsfolk. Their puritan beliefs and general uneasiness conflicts with the conjectures of those not as solemn as the rest. As a group of girls is caught dancing in the woods, they begin a torment of convictions based upon a lie to save their own reputations. Abigail Williams is one of these girls, and is considered

Petroleum Exploration Free Essays

Petroleum Exploration and Production consists of four major processes of exploration, well-development, production and site abandonment. In this assignment, we had chosen the major process of exploration and production. Petroleum Exploration is conducted to find and detect the site which contains oil or natural gas. We will write a custom essay sample on Petroleum Exploration or any similar topic only for you Order Now Visible surface features such as oil seeps, natural gas seeps, pockmarks provide basic evidence of hydrocarbon generation. However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel through matter of varying densities and using the process of depth conversion to create a profile of the substructure. Finally, when a prospect has been identified and evaluated and passes the oil company’s selection criteria, an exploration well is drilled in an attempt to conclusively determine the presence or absence of oil or gas. On the other hand, after the process of exploration and well development, the thrid process will be the production of oil. Petroleum is recovered mostly through oil drilling. This comes after the studies of structural geology at the reservoir scale, sedimentary basin analysis, reservoir characterization mainly in terms of porosity and permeable structures. It is refined and separated, most easily by boiling point, into a large number of consumer products, from petrol or gasoline and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals. Petroleum is used in manufacturing a wide variety of materials, and it is estimated that the world consumes about 88 million barrels each day. How to cite Petroleum Exploration, Essay examples