The public sector banking system in India forms the backbone of the financial sector, accounting for a substantial share of credit and deposit mobilization. Evaluating their performance is essential for policy formulation, risk management, and investor decision-making. This study analyses the financial performance of ten major public sector banks in India, chosen based on market capitalization, over a five-year period from FY2020-21 to FY2024-25. These institutions are critical to the nation's financial system, as they manage a significant portion of credit and deposit activities. Using key profitability and liquidity ratios, the study evaluates the financial health and operational efficiency of these banks in the post-reform and pandemic-era banking landscape. It employs statistical methods, including descriptive analysis and ANOVA tests, to identify variations in performance across different banks and over time. The results reveal notable disparities in profitability and asset quality among the banks, while solvency ratios remain relatively stable. The paper concludes by discussing the study's implications for policy and management, and by suggesting directions for future research.