A COMPARATIVE STUDY ON FINANCIAL PERFORMANCE OF SELECTED INDIAN PRIVATE SECTOR BANKS

Abstract

ABSTRACT Indian Banks play important role in economic growth and development of country. After the privatization of bank, Indian bank, country shows the high growth in economy activities. After the privatization, Indian banking sector open for the private players. Private sector banks are now major tools of financial system. Private sector banks show that financial needs of country can be satisfied with efficient and fast way. Now, financial services can be easily assessable in every corner of country by private and public sector banks. Today, bank means not only deposit-withdrawal of money but more beyond deposit-withdrawal. Financial performance of a bank is not only important to management of bank but also important for many stakeholders. Many stakeholders’ interest has connected with the performance of banks. Therefore, present study has been conducted to know the financial performance and health of selected private sector banks through ratio and percentages analysis. In India, several private banks operating but present study only limited to top 5 private banks i.e. ICICI Bank, Axis Bank, HDFC Bank, Yes Bank and Indusland Bank. Time period for study is taken from financial year 2010-11 to 2014-15. Data collected for study purpose is purely secondary in nature and collected manly from annual report of banks, journals, thesis, published documents and relevant websites. For testing of hypothesis, Kruskal Wallis test has been employed with help of SPSS research software. KEYWORDS: Private sector banks, Financial Performance, Kruskal Wallis test.