Financial Performance of Cooperative Banks: Correlation and ANOVA Approach’ is an attempt of mapping the financial performance based on- Credibility, Liquidity, Solvency & Profitability. The paper is based on the correlation and variance analysis of certain selected ratios. The various ratios identified for the study are- • Quick Ratio (QR) • Current Ratio (CR) • Credit Deposit Ratio(CDR) • Fixed Asset to Current Asset Ratio (FATCAR) • Capitalization Ratio (CAPTR) • Debt Equity Ratio (DER) • Interest Coverage Ratio (ICR) • Long Term (LT) Debt to Asset Ratio • Total Income (TI) to Asset Utilization Ratio(AUR) • Total Income (TI) to Capital Employed Ratio (CER) • Dividend Per Share (DPS) • Dividend Payout Ratio(DPR) • Return on Fixed Asset (ROFA) • Return on Equity (ROE) • Earnings per Share (EPS)