Banana is commercially important fruit crops cultivated worldwide. Its cultivation is being threatened by various pest and diseases. Therefore, breeders are engaged in developing hybrids having resistance with high yield. As such 27 synthetic hybrids were developed utilizing wild cultivars as one of the parents and were examined to assess the effectiveness of the characters influencing crop yield and morphological diversity. High level of GCV and PCV were recorded for peel weight, bunch weight, pulp weight and finger weight indicating adequate genetic variability. These traits possess ample potential for further improvement. From the results, greatest morphological characters were recorded for H-02-25 and H-02-34 while highest bunch weight for H-916 (25.86 kg). Significant positive correlation was observed for the studied traits except for the number of suckers. Dendrogram revealed four distinct clusters and distinguished as good growth habit (Cluster I), high bunch and fruit weight in addition to good growth (Cluster II), inadequate growth and low bunch weight (Cluster III) and moderate bunch and fruit weight (Cluster IV). Significant diversity was observed among different ploidy group which was visually represented through box plot technique and revealed higher variability in diploids and tetraploids than triploids in terms of pseudostem height and girth but for bunch traits the variability was higher in diploids as compared to triploids and tetraploids. Hence, this study revealed a diverse population among the synthetic hybrids which could potentially lead to the identification of elite line and provides an ample scope for future advancements in crop improvement programme.