Financial Performance of Andhra Bank, SBI, ICICI and HDFC Bank: A Comparative Study
- Author V.Rama Krishna Rao Chepuri
- Co-Author Dr. Krishna Banana
- DOI
- Country : India
- Subject : Banking
Keywords : Financial system, Intermediary, ratio and one way ANOVA
Abstract
In an economy Banks, Insurance organisations, Development banks and other financial organisations plays a very important role in mobilization and distribution of funds. The growth of the economy is based on systematic functioning of these financial intermediaries. Bank is the major component in the economy, which offers different varieties of services to the needs of the customers. Traditional Banks play a limited role of mobilization and utilization of funds in an economy. The scope of modern banks are not limited to primary banking operations and extended to fund and fee based services. Performance evaluation of the banking sector is an effective measure and indicator to check the reliability of economic activities of an economy. The present study focuses on the comparative evaluation of the selected banks from public sector (SBI, Andhra Bank) and private sector (ICICI, HDFC) banks. The study adopts an analytical research with data for a period of 10 years i.e., 2007-08 to 2016-17. T-value and one way ANOVA was adopted to study the association between banks. Ten ratios are selected for the study and made an analytical and comparative study. The study revealed that the HDFC bank performed well during the study period, Andhra bank presented a decline in many variables of performance and there is no significant relation between public sector banks.
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