ASSESSING THE PROFITABILITY AND EFFICIENCY IN THE INDIAN BANKING SECTOR: A REVIEW OF RECENT TRENDS

The Indian banking sector has witnessed dramatic transformation during the last few years, as reflected by significant shifts in profitability measures and operating efficiency. The current review appraises recent trends in Indian banking performance by examining recent evidence and literature. The important points reveal banks have achieved a sixth year of profitability growth in FY24 with a historic low in gross non-performing assets. However, concerns persist in fraud management, technology adaptation, and maintaining competitive advantage in a more digitalized world. This paper synthesizes information from 18 studies for the total assessment of current trends and directions for Indian banking.