A Comparative Study of Financial Report of Top Two Banks in India (HDFC Bank & SBI Bank)

India, the largest independent democracy in the world and an economically developing power, relies heavily on its sound and efficient banking system for a stable economy. Banks collect unused savings, qualify them for investment, and provide loans and investments through securities purchases and discounting bills of exchange. They also facilitate better capital mobility, extending their reach to remote parts of the world. The industry has shifted to be more at par with service economies like others in India as a prerequisite for success with economic factors. Information Technology significantly changed the banking industry’s paradigm as the internet enabled all modes of banking to facilitate bank-customer interfaces as follows: customer workload through reductions caused by internet banking, ATM providers, telebanking, and electronic payments, among others. A bank is an institution and a financial intermediary that accepts deposits and channels them into lending activities, either directly or indirectly through capital markets.