An empirical relationship is examined between the Current Account Balance (CAB) and liberalisation expressed in terms of Financial Openness (FO) and Trade Openness (TO) for a quarterly period of January 2000 to March 2016. The primary domain of this study encompasses the evaluation of impact of Financial Openness and Trade Openness on CAB, over a select period of time (long run and short run), through the Auto Regressive Distributed Lag model (ARDL). ARDL model was developed and tested empirically, in order to anticipate the likely existence of stationarity associated with the time series data over the study period. Empirical results suggested that both the selected variables (FO and TO), have significant impact on CAB in long run whereas in case of short term, it was observed that only TO had significant impact on CAB. Therefore, researchers concluded that policy makers should focus more on Trade Openness to increase the exports over a short as well as long period of time. Similarly, on import basis government should concentrate more on FDI inflows over long run, which shall lead to an increase in employment level and productivity that shall finally act as an impetus to increase the exports from India to the rest of world.

In wake of recent economic reforms in India with an aim of stabilizing the economy of India under the era of globalisation, banking industry has experienced a canonical shift in terms of value creation practices, methods and metrics for measuring bank’s performance. Value based management has long been hailed as the major objective of financial management of banks. A new trajectory of value based performance evaluation metrics have evolved and became an imperative of evaluating the performance of banks. The present study has been undertaken with the objective to measure the performance and value creation in the selected banks. The selected sample was taken from the public and private sector banks listed on stock exchange in India. In this study, Economic Value Added (EVA) and Market Value Added (MVA) across the selected banks were calculated based on the accounting figures and their difference was determined. The results showed significant difference between economic value added and market value added in selected banks is quite meaningful and significant.