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A Fundamental Analysis of Public Sector Banks in India

IMS Manthan (The Journal of Mgt., Comp. Science & Journalism)

Volume 5 Issue 2

Published: 2010
Author(s) Name: Dr S.M.Tariq Zafar, Dr D.S.Chaubey, Dr Shruti Nagar
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Abstract

Industrialization is necessary for the rapid economic growth which implies a long term rise in per capita of nation. It requires huge investment which is possible if saving is sound and investor are willing to take common market risk. Large chunk of permanent investment of a company depend upon equity shares and its intrinsic value depends on overall economic factor. The profitability of the company, the growth rate and the risk exposure has a direct impact on the price of the share. These factors further rely on other factors like economic environment in which company operate, the industry they belong to, and finally it overall performance. The liberalization of an Indian economy explored the market potential and due to which Indian banking sector has been witnessing tremendous changes in terms of new product and services and overall stiff competition from domestic and global private sector banking players. The new highbred IPO’s that have been taking place in banking sector are amazing. In the light of these ever-growing developments a careful analysis of the profitability of Indian banking sector is inevitable. The presents study attempts to analyze the profitability of five major public sector banks in India: SBI, PNB, BOI, BOI, and Canara Bank. The variable taken for the study are Earning Per Share (EPS), Operating Profit Margin (OPM), Net Profit Margin (NPM), Debt Equity Ratio (DER), Return on Equity (ROE), Price Earning Ratio (PER) and Return on Assets (ROA). This study brings out the competitiveness effectiveness of five major banks. Keywords: SBI, PNB, BOI, BOB,CB, EPS, OPM, NPM, DER, ROE, PER ROA, IPO, RBI, SCBs, PSBs, NPAs, ATMs, NSE, CAGR,

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