Doctoral Thesis / Dissertation from the year 2022 in the subject Economics - Finance, grade: 100, , language: English, abstract: This study brings to light the essential need for implementing the International Financial Reporting Standards (IFRS) in Indian Banking Sector to create a robust banking leading to an enhanced economy. While it is estimated that for creating 5 trillion economy which is the target of the Government of India, an economic growth rate of 8 percent is considered necessary. Implementation of IFRS in the Banking Sector of India can empower the commercial banks through greater transparency and reduced Non-Performing Assets. This in turn can help expand commercial banking in India. While trust in the banking sector is essential and is encouraged by the authorities of the Reserve Bank of India, the recent judgment of the High Courts in India made it clear that the money deposited by the Depositors is completely returnable by the banks through the contract of business. This will turn on pressure on the commercial banks to run the banking business effectively and efficiently, and adopting and implementing the IFRS will be in their interests to run the business transparently. This research has pointed out the necessary parameters and variables to be considered as important by the commercial banks. These variables have been identified as important for a Group Recommender System by calculating the Principal Component Analysis (A Group Recommender System can also use the Singular Value Decomposition (SVD), which is a classical method derived from linear algebra, in this research, it was preferred to work out the PCA, the Principal Component Analysis). Thus, this research is a forerunner for further focused studies that can be expanded in the Indian economy for better and greater insights for the project preparedness of the implementation of IFRS.

Auteur

Dr. Sonika Suman is an Assistant Professor in the area of Finance & Accounting. Earlier she has worked in Birla Global University, Bhubaneswar. Prior to that she has worked as an Assistant Professor and Academic Administrator in Gyanarthi Media College , affiliated to Kumaun University, Nainital , Uttarakhand as well as in the Poona College of Art's, Science & Commerce affiliated to the Savitribai Phule Pune University (SPPU), Pune, Maharashtra , renowned as "Oxford of the East." She has also taught in the S. P. College of Sido Kanhu Murmu University (SKMU), Dumka, Jharkhand. An avid academic, fervid seeker of knowledge and ardent researcher, has to her credit several important publications in the National and International Journals and Conferences. Her students vary from different countries like Middle East , Africa, USA, Asia, Europe and many more. She is active in various National and International Events and Publications. Her publications included in the UGC listed Journals and Scopus indexed journals. With a consistently bright academic background of topping the graduate and post graduate examinations of the Ranchi University, she is the University Topper in Doctoral Eligibility Entrance Examination of SKMU. She also holds AIR 16TH in Delhi University Entrance Test (DUET). Dr. Sonika has worked as an International Editor as well an Author for the Edited Book "A Handbook of Research on Future Opportunities for Technology Management Education", published by IGI GLOBAL ,Pennsylvania, USA, released by the Hon'ble Governor of Jharkhand and recognized as well as appreciated by Hon'ble Governor of Uttarakhand. She also holds administrative post of Programme Officer of NSS (National Service Scheme),Unit 4 as well as Convenor of SC & ST Committee, in Birla Global University. She has guided many academic projects for the post-graduate students. She has been Certified by "Sri Aurobindo Society" for sustainable efforts towards promoting experiential ,Joyful and Innovative Teaching through participation in Zero-Investment Innovations for Education Initiatives (ZIIEI). Earlier, she worked as a Marketing and Accounts Manager in the corporate sector and has served as a Project Coordinator in the NGOs. She is also a social worker, and freelance motivational speaker. She has also been awarded for the outstanding Contribution for the Welfare of the Society.