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Abstract

Mass globalization forces the organization to bring about changes in the adoption of standards especially among the private banks. The private banks are suffering severely due to the problems of structural issues, lack of the practice of financial reporting and absence of financial performance. The purpose of this paper is, hence, to evaluate the impact of the financial reporting on the financial performance of the private banks of Cuddalore district. The research design of the study was descriptive. The respondents were the staffs of private sector banks of Cuddalore district. The sample size was 125 and the sample population was surveyed using a questionnaire. Regression analysis was performed to assess the relation between the financial reporting practice and the financial performance. The findings of the study show that there was a positive relation between the dependent and the independent variable. It was also revealed that financial reporting practice was seen to predict financial performance.

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