ANALYSIS OF FINANCIAL PERFORMANCE STATUS OF KARNATAKA STATE ROAD TRANSPORTATION CORPORATION

In accordance with the provisions of the Road Transport Corporation Act 1950, the Karnataka State Road Transport Corporation [KSRTC] was founded in August 1961 with the aim of offering its workers suitable working conditions, such as fair wages, the establishment of provident funds, housing, places for rest and recreation, and other amenities, in addition to providing adequate, effective, economical, and well-coordinated road transport services. Hence, throwing a true light on the financial performance status of KSRTC is crucial to find out, which lights up on a thought of redesign, renovation of strategies on financial management discipline. Policy makers can catch the nerve of failure in financial performance of KSRTC to wake up and get into to job of revisit of financial and non-financial strategies for betterment of the corporation. KEYWORDS: Financial performance, financial strategies, Karnataka State Road Transportation Corporation