Page 42 - MA - May 2017
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COVER STORY
ACTIVITY BASED
COSTING
IN
INDIAN BANKS
C
osting of banking products and
services, its customers’ business, operational
transactions and technology upgradation has been an
undergoing activity ever since the modern commercial
banks came in to business in India. However, not
much data is available on the costing methods and
models used by them before the Report of Banking
1
Commission , headed by R K Saraiya, was published by
the Government of India in 1972, where a study was
published of the costing methods used by banks (but
only few) and it observed that “cost accounting had
not made any progress in the banking industry in the
country” (Pp 273). The Institute of Cost and Works
Accountants of India (ICWAI) published a study in
2
1979 on cost accounting in
commercial banking industry
and had recommended that
Debajyoti Ghosh Roy
Freelance Corporate Trainer
Pune
42
42 The Mana May 2017 www.icmai.in
The Management Accountant l May 2017gement Accountant l
