This research seeks to evaluate and compare the operational efficiency of Canara Bank and Union Bank within India’s banking sector. Analysing bank efficiency is crucial for policymakers, industry executives, and stakeholders who depend on the banking industry’s stability and performance. The effectiveness of banks is a key concern for regulators, customers, investors, and the broader public. Assessing bank performance enables policymakers to gauge the strengths and weaknesses of these institutions, facilitating the development of effective strategies to enhance their success. The research intends to offer actionable recommendations for improving efficiency and performance. By identifying best practices and areas for improvement, the study will assist bank leaders in optimizing operations, enhancing customer experiences, and aligning with national financial goals. This study will provide a framework for future research and policy interventions to strengthen the sector’s role in driving sustainable economic progress.