“…Some of the studies have also been conducted on banking industry of Middle Eastern countries, such as, Kuwait (Darrat, 2002), Turkey (Isik & Hassan, 2002) and Jordan (Maghyereh, 2004). Similar studies have also been conducted in Asian countries like, Malaysia (Omar, 2006), India (Sathye, 2003) and China (Ariff & Can, 2008). The efficiency also became the subject matter of studies conducted in Australia by Sathye (2001) and Sturm and Williams (2004).…”