A comparative study of public and private sector banks in India: An experimental analysis

Abstract

Public sector and private sector banks are major participants in playing a very significant role in the growth of the Indian economy. The current research paper made an attempt to analyse and compare the financial performance of selected public and private sector banks in India during the period 2016-17 to 2023–2024. It collected data relating to five-year public sector banks, namely Bank of Baroda, Punjab National Bank, and Central Bank of India, and private sector banks, including ICICI bank, HDFC bank, and Axis bank, from their official websites and annual reports. Only secondary data was used for this study. For the present study, financial ratios of banking sector will be used. The study has chosen variables such as Cash deposits, Assets, and Credit deposits to determine the financial position of some selected sample banks. In general, the results manifest that the overall performances of private sector banks are better compared with public sector banks.