This study conducts a comprehensive comparative analysis of risk management practices between public and ‘Private Sector Banks’ in India, with a focus on ‘Credit to Deposits Ratios’, ‘Net Interest Margin’ (NIM), ‘Return on Assets’ (ROA), ‘Return on Equity’ (ROE), ‘Capital Adequacy Ratio’ (CAR), and ‘Net Non-Performing Assets’ (NPAs). The objectives include studying risk management practices, comparing them between sectors, and recommending improvements.The research methodology entails the selection of ten prominent banks from each sector and the collection of data spanning from FY2012 to FY2022 from various reputable sources. Descriptive analysis techniques, including mean and standard deviation, along with T-tests, are employed for comparative analysis.The results reveal significant differences between public and ‘Private Sector Banks’ across various parameters. ‘Private Sector Banks’ generally exhibit higher efficiency and effectiveness in risk management practices, as evidenced by superior ‘Credit to Deposits Ratios’, NIM, ROE, CAR, and lower NPAs compared to their public sector counterparts. However, both sectors achieve comparable levels of profitability as measured by ROA.Based on these findings, recommendations are made to enhance risk management practices in Indian banks. These include improving risk assessment procedures, strengthening asset-liability management, enhancing capital management, addressing NPAs, fostering innovation and transparency, investing in talent development, promoting knowledge sharing, and ensuring alignment with regulatory frameworks.Implementing these recommendations will contribute to strengthening the risk management frameworks of both public and ‘Private Sector Banks’ in India, thereby enhancing their resilience, efficiency, and competitiveness in the dynamic banking landscape.