An Eagle’s Eye View On Financial Fitness Of Indian Commercial Banks

Abstract

This research paper presents a comprehensive and multi-faceted performance analysis of 12 major Indian commercial banks using the EAGLE model. This study leverages the EAGLE model—focusing on five key dimensions: Earnings, Asset Quality, Growth, Liquidity, and Equity to systematically assess and rank 12 Indian commercial banks based on their financial disclosures for the year ending March 2025.

Our findings reveal significant disparities in performance, highlighting distinct strategic strengths and weaknesses across the banks. The EAGLE model analysis reveals Bank of Maharashtra as a consistent top performer across Earnings, Asset Quality, and Equity, highlighting its operational efficiency, credit discipline, and profitability. State Bank of India dominates in Growth and Liquidity, underscoring its market scale and robust liquidity position. Meanwhile, banks like Punjab National Bank and Punjab & Sind Bank exhibit asset quality concerns, and Central Bank of India reflects a highly conservative liquidity stance. Indian Bank and Canara Bank also demonstrate strong equity performance, signaling growing shareholder value.

By synthesizing these individual component analyses, our paper provides a robust and data-driven ranking of the banks, offering valuable insights for policymakers, investors, and researchers. The overall conclusion reveals a banking sector with a wide performance gap, driven by differing strategies in risk management, operational efficiency, and market growth.