Abstract: In this era financial statements is most required for every organization, industries, banks and group of companies. These entities prepare their financial statements monthly, quarterly, semiannual and yearly wise. The financial statements of a company are to be prepared as per the prescribed form given in schedule III of companies act 2013. This financial statements provide the structured and reliable information to the all accounting users. The accounting users are government, chartered accountant, creditors, investors, shareholders and educational institutions. These accounting users may analyze the financial statements to get the financial performance of companies. In recent years the banks are highly contributed to the Indian economy. Banks also prepared their financial statements for accounting users. This study involved two banks that are HDFC bank and BOB bank. The HDFC bank represents the top private sector bank in India. And the BOB bank represents a second among India's top 10 public sector banks. The analysis of this banks financial statements done through ratio analysis tools that are Liquidity ratio, Current ratio, quick ratio, profitability ratio, Gross profit ratio and net profit ratio and efficiency ratio.
Keywords: financial statements, companies act 2013, HDFC, BOB.
Title: ANALYSIS OF FINANCIAL STATEMENTS IN HOUSING DEVELOPMENT FINANCIAL CORPORATION AND BANK OF BARODA
Author: Sunil G E
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Vol. 11, Issue 2, October 2023 - March 2024
Page No: 156-165
Research Publish Journals
Website: www.researchpublish.com
Published Date: 04-December-2023
