INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
For the development of the economy of the country, a sound, effective and hassle-
free banking system is important. A study is conducted to compare the financial
performance of the ICICI bank with major selected banks in the same private sector.
The objective of the study was to compare the performance of ICICI bank with
major selected banks. The selected banks for the study are AXIS, HDFC and Kotak
Mahindra. The ratios taken for the study are Interest spread, Net profit margin,
return on net worth, Total assets turnover ratio, return on assets, Credit deposit ratio,
Cash deposit ratio and Liquid assets to demand deposit. The sample for the study
taken was 5 years (2018 to 2023) of financial statements. To analyze the variance
of the mean among the selected banks, Variance analysis and ANOVA test has been
conducted. Through analysis it is found that the ICICI bank has achieved a better
position on net profit margin and debt coverage ratio with positive differences in
comparison of ICICI Bank and selected private banks. On the contrary it has not
fared well in terms of Return on Assets, Return on Net worth, total assets ratio. The
main recommendation of the study is Merger of Axis bank and ICICI which has
more potential in terms net worth and return on assets. The combination of these
two banks will become the greatest private bank in India and shall be easy to expand
in the world.
"Financial performance of private sector banks with reference to ICICI and other selected banks ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.g197-g225, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404621.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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