Seybold Report ISSN: 1533-9211
Prof. Arun Kumar, Dr Babu V, Dr Surendra Singh Rajpurohit, CMA Sharad Gautam, Dr. M. Vanitha Jyothi, Dr. B. Madhusudhan Reddy
Vol 18, No 8 ( 2023 ) | Licensing: CC 4.0 | Pg no: 87-98 | Published on: 13-08-2023
Abstract
In the last two decades, the performance of the service sector catch the attention of economists and trade specialists. The reason of this attention is service sector contributes almost 55%in of the Indian GDP. Banking is one of the key sectors I the areas of financial services. The current study focuses on a comparison of public, private, and foreign banks’ financial performance. Three popular banks from each category were selected on the basis of their financial performance over the last five years. A descriptive longitudinal design was applied to compare the financial performance of the nine banks. Outcomes of ratio analysis found that Bank of America has the lowest debt-equity ratio, while the standard chartered bank has the highest. All nine banks were compared with ranks over performances of financial performance.
Keywords:
Service sector, Financial Performance, Public banks, Private banks, foreign banks