Published Paper Details:

The Indian scenario of the banking industry has a robust network of public and private sector banks that continue to work seamlessly reinforcing the Indian economy. The operational scope and targets of the public sector and private sector differ to a great extent even though they work together under several governmental schemes. While the greatest objective of public sector banks is social welfare, private sector banks are more target-oriented focusing on profitability. The study attempts to derive a comparison between the financial performance of the public and private sectors concerning internal and external factors that influence the overall performance of the banking industry. This study might prove helpful in reinforcing the central policies and identifying factors that are adversely affecting performance so that banks can equip themselves in a better way to counteract any financial shocks that may occur in the future. The goal of this research was to examine the financial performance of a few public and private sector banks from 2017 to 2021. The study concluded that both public sector banks and private sector banks need to focus on decreasing their non-performing assets as they seriously dent the profitability of banks by affecting its revenue. Banks need to work from the perspective of improving revenue and also cutting expenses if they wish to reinforce their banking performance.