A comparative financial performance of scheduled commercial banks in India in the ERA of global meltdown

Liberalization of Indian Banking Sector post 1991 led to a shift in banking culture from Class banking to Mass banking. This sector was and will continue to be the backbone of Indian economy and is essential to the promotion of both extensive and intensive growth. According to RBI, Indian banking industry is now well-regulated and adequately capitalized that has helped them in remaining resilient even in the wake of global meltdown. The current study is mainly concerned with the analysis of comparative financial performance of Public Banks, Private Banks and Foreign Banks in India during the period of 2008–12 that reflects the impact of new competitive environment on the bank's performance in terms of various selected parameters. Secondary data has been used collected from the various sources such as RBI, Annual Report/Result of Banks, ICRA Research. It was found that all the bank groups have remained stable and prosperous even during and after the global financial crises and concludes that the Private Sector Banks surpasses the other bank groups and topped the position in all the parameters, while Public Sector Banks and Foreign Banks are just competing for the 2^nd and the 3^rd position.