© 2022 JETIR February 2022, Volume 9, Issue 2 www.jetir.org (ISSN-2349-5162) JETIR2202453 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org e413 FINANCIAL PERFORMANCE EVALUATION OF SELECTED SMALL FINANCE BANKS IN INDIA: A CAMEL MODEL APPROACH 1 Mr. Jaykumar A. Sathavara, 2 Dr. Sejalben R. Christian 1 Research Scholar, 2 Officiating Principal 1 Shri D.N. Institute of P. G. Studies in Commerce, Anand-388001, Gujarat. 2 Shri D.N. Institute of P. G. Studies in Commerce, Anand-388001, Gujarat. Abstract It is necessary to examine the financial performance of banks on a regular basis in order to determine their financial strengths and eliminate possible weaknesses in order to maintain a stable financial system. Banks serve as the engine that keeps a country's financial system working smoothly and efficiently. The present research study sought to investigate and assess the financial, functional, and management health of small finance banks in India. To achieve the objectives of the research study, audited financial data of small finance banks was obtained from the banks' websites and RBI statistics for the period from 2016-17 to 2019-20 and analysed with CAMEL’s parameters and sub -parameters. Furthermore, the Anova test was used to statistically determine if there was mean variation in the results of sub parameters of these banks. The findings of the study showed that small finance banks performed satisfactorily during the study period. However, Capital small finance bank was ranked first, followed by Equitas and AU small finance banks, and Ujjivan small finance bank secured the last rank as per CAMEL parameters. Fortunately, the analysis found no significant differences in terms of performance of sub- parameters of CAMEL such as NNPA ratio, II to TA ratio, RoA, OP to TA, CD ratio, and Gsec to TA ratio among these banks. The research study concluded that the competition between these banks was intense in capital and management parameters. Key Words: CAMEL, financial performance, small finance banks