Performance evaluation of private sector banks in India through camel approach

Today's banking system is becoming more and more complex. Due to the nature of banking and the important role of banks in the mobilization, allocation of capital, progress and development in an economy, banks should be more closely watched than any other type of economic unit in the economy. For ensuring stable and healthy banks and protecting the interests of various stakeholders, the performance of banks are evaluating from time to time. This paper analyzes the performance of three leading private sector banks of Indian banking sector namely J & K bank, HDFC bank, ICICI bank. Tools used for comparing the performance of selected banks are camel approach, compound annual growth rate, Mean, and Standard deviation. The study analyses how well the Jammu and Kashmir bank financially performs relative two leading new private sector banks, this objective is achieved by comparing the performance of this old private sector bank with two new private sector banks and the relative performance analysis of these three private sector banks is undertaken by camel analysis. The selected banks were found at par each other in all the parameters and it was found that j & k bank performs at par with its counter parts.