Abstract
Purpose: This study aims to evaluate the performance of selected private sector Banks in India. The aim is also to study the profitability performance of these selected banks.
 Approach/Methodology/Design: Eight private Banks were selected as a sample for the study. The statistical tools employed in the study include Minimum and Maximum Net Profit Ratio, Descriptive Statistics and One-Way ANOVA test for the evaluation of performance of Banks. The period for the study is from 2011-12 to 2018-19, and this study is totally based on secondary data.
 Findings: The results of the study reveal that there is a significant difference of Net Profit of the selected banks. The financial performance of HDFC Bank is continuously in a good condition due to the high profit earned and the proper management that is employed. The results indicate that Yes Bank is in a deteriorating financial position because of governance issues, false assurance to customers, non-serious investors, non market-led revival in sight, outflow of liquidity, and non-disclosure practices. Axis Bank and ICICI Bank are slowly declining within the market. Jammu and Kashmir Bank suffered losses in the year 2016-17 due to the tune of Rs 16,000 crores during the five months long unrest in the Kashmir valley.
 Practical Implications: In today’s scenario, most of the banks have more Non-Performing Assets. Due to this condition, many banks go to liquation and merger/acquisition. This paper attempts to examine the current conditions of selected private sector banks in India, assisting in presenting statistical analysis that will be of use to investors as well as management teams of the banks.
 Originality/value: Nowadays, Banking sector is one of the fastest growing sectors and huge funds are invested in banks. The banking system is becoming more complex and therefore there is a strong need to evaluate the performance of the banks. The originality in this study lies in the attempt to provide up-to-date assessment of eight top banks in India.
Highlights
Banks play a vital role in the Indian Economy because the banking industry handles finances in the country including cash and credit
The results show that there is a significant difference of net profit of the selected banks in India
Axis Bank and ICICI Bank are slowly declining within the market
Summary
Banks play a vital role in the Indian Economy because the banking industry handles finances in the country including cash and credit. The Indian banking system has moved a long way from a totally regulated environment to a deregulated market economy, even though there are many banks today merging and going bankrupt. The RBI is the highest banking regulatory body in India. It was established by the RBI Act, 1934 on 1st April 1935. Before that time, banking was handled by three private sector banks which became Imperial Bank on the 1st January 1949. The public sector banks in India are only ten. The number of private sector banks is reduced to twenty two
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