ZENITH International Journal of Business Economics & Management Research

Indian banking system is one of the foremost important pillar of the financial sector of India. Banking system should be strong enough, so that government can influence the economic environment of the country in much easier manner. Recently repo rate and reverse repo rate has been reduced in India and upto some extent benefits has been pass on to the customer, but not upto the full extent as per the wish of Reserve Bank of India. Banks in India reduces their lending rates of their products not in uniform way. One of the possible reasons was that some banks have strong financials and some banks are not as strong in relative performance basis, so they were not in a position to pass on the benefits to the customer in uniform way. The present study aims to analyze the financial performance of twelve banks included in Bank Nifty Index. Five years i.e., 2009-10-2013-14 was considered as study period. Financial ratios and mean were considered as tools to analyze the data. Results revealed that based on the comprehensive ranking HDFC Bank Ranks 1, Yes Bank and Indusind Bank Ranks 2 and constitute first quartile of the banks. State Bank of India Ranks 12, Bank of India Ranks 11 and Punjab National Bank Ranks 10 and constitute last quartile of the group.