Poor cash handling practices by commercial banks leads to massive losses that ultimately leads to a negative performance and in extreme circumstances, closure of the commercial banks. The rising cases of fraud as a result of poor cash handling practices in the Kenyan commercial banks since 2011 have been overwhelming. This is evidenced by recent cases of cash in transit being stolen by security firms contracted to transport the cash. The continuous increase in cases of poor cash handling practices has not made the commercial banks to adopt better and more improved measures to curb the vice of cash fraud. If so, the financial sector is likely to continue experiencing losses of cash unless better cash storage, cash transportation, cash insurance and cash reconciliation are adopted. The general objective of this study was to establish the effect of cash handling practices on the financial performance of commercial banks in Kenya. Specifically, the study sought to establish the effect of cash reconciliation, cash transport, cash storage and cash insurance practices on financial performance of commercial banks of Kenya. The research was carried out through a descriptive survey research design. Descriptive design was used because it focused on complex analysis to bring out the correlation of variables. The study population was all the 43 commercial banks registered and licensed to operate in Kenya. These commercial banks formed the unit of analysis.
ONWONGA, M (2021). Effect Of Cash Handling Practices On Financial Performance Of Commercial Banks In Kenya. Afribary. Retrieved from https://tracking.afribary.com/works/effect-of-cash-handling-practices-on-financial-performance-of-commercial-banks-in-kenya
ONWONGA, MACTOSH "Effect Of Cash Handling Practices On Financial Performance Of Commercial Banks In Kenya" Afribary. Afribary, 11 May. 2021, https://tracking.afribary.com/works/effect-of-cash-handling-practices-on-financial-performance-of-commercial-banks-in-kenya. Accessed 16 Nov. 2024.
ONWONGA, MACTOSH . "Effect Of Cash Handling Practices On Financial Performance Of Commercial Banks In Kenya". Afribary, Afribary, 11 May. 2021. Web. 16 Nov. 2024. < https://tracking.afribary.com/works/effect-of-cash-handling-practices-on-financial-performance-of-commercial-banks-in-kenya >.
ONWONGA, MACTOSH . "Effect Of Cash Handling Practices On Financial Performance Of Commercial Banks In Kenya" Afribary (2021). Accessed November 16, 2024. https://tracking.afribary.com/works/effect-of-cash-handling-practices-on-financial-performance-of-commercial-banks-in-kenya