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)
Financial analysis is also known as analysis and interpretation of financial statements. It refers to the establishing meaningful relationship between various items of the two financial statements i.e. Income statement and position statement. It determines financial strength and weaknesses of the firm. Analysis of financial statements is an attempt to assess the efficiency and performance of an enterprise. Thus, the analysis and interpretation of financial statements is very essential to measure the efficiency, profitability, financial soundness and future prospects of the business units. Profitability is a measure of the overall success of the company. profitability is frequently used as the ultimate test of investment operating efficiency. Profit earning is essential for the survival and growth of the business. A business needs profit not only for its existence but also expansion and diversification. The greater the volume of profit generated, the higher is the efficiency of the company. In this study the researcher selected four private sector banks such as HDFC, ICICI, Axis bank and Kotak Mahindra bank. For analyzing profitability position ratio analysis has been used in addition to that statistical tools such as Mean, Standard Deviation, Variance, skewness, kurtosis and ANOVA were also applied. In this study concluded that ICICI, Axis bank and Kotak Mahindra should improve its profitability position.
Keywords:
Key words: Ratio analysis, Profitability, Financial analysis.
Cite Article:
"PROFITABILITY ANALYSIS OF SELECTED PRIVATE SECTOR BANKS IN INDIA. ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.e658-e663, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307480.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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