An empirical comparison of profitability performance from the viewpoints of public, private, and international banks

In the last two decades, the performances of the service sector catch the attention of economists and trade specialists. The reason of this attention is that the service sector contributes almost 55% of the Indian GDP. Banking is one of the key sectors in the areas of financial services. The current study focuses on a comparison of public, private, and foreign banks' financial performances. Three popular banks from each category were selected on the basis of their financial performance over the last five years. A descriptive longitudinal design was applied to compare the financial performance of the nine banks. Outcomes of ratio analysis found that Bank of America has the lowest debt-equity ratio, while the standard chartered bank has the highest. All nine banks were compared with ranks over performances of financial performance.