Abstract
In recent decades private sector banks have developed and they give financial services to the people more than what the public sector banks provide to the people. They often introduce new technologies in the banking sector and they have been introducing innovative services to its customers. So, the study has been undertaken to analyze the profitability of ICICI Bank, HDFC Bank, and Axis Bank for the study period of ten years from 2002-03 to 2011-12. The study evidenced that the growth rate of net profit of Axis Bank was higher than other selected banks and it was comparatively lower in the case of ICICI bank. HDFC Bank’s performance was good in terms of net profit to total income ratio followed by Axis Bank. ICICI Bank performed well in terms of net profit to total deposits ratio followed by HDFC Bank. HDFC Bank performed well in terms of return on assets followed by Axis Bank, but there was not much difference between Axis Bank and ICICI Bank. The results showed that even though the quantum of business was high in the case of ICICI Bank, the growth rate of Axis Bank was higher than other selected banks.
Keywords: bank, net profit, deposits, and return on assets.
References
- Annual Reports of selected new generation private sector banks from 2002-03 to 2011-12.
- Chris Brooks, 2008. Introductory Econometrics for Finance, New York: Cambridge University Press.
- Prasanna Chandra. 2007. Financial Management, New Delhi: Tata McGraw-Hill Publishing Company Ltd.
- Vikas Choudhary and Suman Tandon (2011), “Performance of Commercial Banks in India during Post-Liberalization”, Journal of Banking Financial Services and Insurance Research, Vol.1, No.9, pp.57-66.