A Comparative Study on Performance and Working Capital Management of ICICI and HDFC Banks

Abstract

Working capital is considered to be life-giving force to an economic entity and managing working capital one of the most important functions of corporate management. Working capital management (WCM) is the management of short-term financing requirements of a firm which includes maintaining optimum balance of working capital components -receivables, inventory and payables – and using the cash efficiently for day-to-day operations. This study may enlighten the different ways and techniques of working capital management to develop the sound financial base of the company.