Relevance of Zero-Based Budgeting (ZBB) to Commercial Banks in Asia under Present "Slow Economic Growth" - A Perspective on Cost Governance

Authors

  • Ravindhar Vadapalli Professor of Finance, VJIM, Hyderabad

DOI:

https://doi.org/10.33516/maj.v54i9.36-39p

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Abstract

To arrest the deteriorating profitability performance of Asian Commercial Banks, the top management has to install such a planning and control systems as could force the executives to identify and analyse what they are going to do in total the "cost" involved in performing the activities, set objectives and goals, make requisite operating decisions and evaluate changing responsibilities and work load as an integral part of the monitoring system. This is done only under "Zero-Base Budgeting" (ZBB), the basic idea underlying this approach is not just to cut expenditure but to make the entire programmes more effective by a more purposive allocation of financial resources to various programmes under slow economic growth scenario(s).

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Published

2019-10-01

How to Cite

Vadapalli, R. (2019). Relevance of Zero-Based Budgeting (ZBB) to Commercial Banks in Asia under Present "Slow Economic Growth" - A Perspective on Cost Governance. The Management Accountant Journal, 54(9), 36–39. https://doi.org/10.33516/maj.v54i9.36-39p

Issue

Section

Cover Story

References

Pyhrr, Peter A. "The Zero-Base Approach to Government Budgeting." PUBLIC ADMINISTRATION REVIEW, Jan. 1977

O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 502. ISBN 0-13-063085-3.

Cliche, P. (2012). "Budget," in L. Côté and J.-F. Savard (eds.), Encyclopedic Dictionary of Public Administration.

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