DOI: 10.36347/sjebm.2015.v02i07.013

Pages: 748-754

The study was aimed to study profitability of selected private sector banks in India. For this purpose the researcher selected three leading private sector banks such as Axis bank, HDFC bank and ICICI bank. The study required accounting data of select banks, which were collected from balance sheet and profit and loss account extracted from annual reports of concerned banks. The study was made for a period of ten years from 2004-05 to 2013-14. The study used ratio analysis as financial tool and it also used mean, standard deviation, co-efficient of variation, compounded annual growth rate (CAGR) and correlation analysis as statistical tools. The study evidenced that growth rate of net profit, total income, working fund and total assets were found high in case of Axis bank and growth rate was high for total deposits for HDFC bank. HDFC bank performed well in terms of net profit to working fund and return on assets, Axis bank performed better in terms of net profit to total income and ICICI bank performed well in terms of net profit to total deposits. It was also evidenced that all variables such as total income, total deposits, working fund and total assets had positive and significant relationship with net profit for all selected banks over the study period.