Abstract
Zero base budgeting is an approach to budget formulation. It seeks to evaluate afresh the budgeted activity levels and related expenditure. Resources are released from projects and tasks that have outlived their utility. Zero base budgeting can serve as an effective tool for redeploying resources. The budget settlement process in banks is an exercise in distribution of targets rather than a plan based on the business potential of individual branches. Zero base review would eliminate the incrementation tendency of carrying forward the previous year's inefficiencies. Kaura outlines a blueprint for application of zero base budgeting to Indian banks.
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