PERFORMANCE OF PRIVATE SECTOR BANKS IN INDIA

Open Access

Abstract

The government of India declared to open the economy. The deregulation was the demand and requirement of the nation. The banking industry was also deregulated by the government. It gave very significant result in the banking sector. A number of private bank were established in few years. More than 20 private banks are working in India. The 15 are the old bank and remaining is new establishment. The private banks provide more than of 2.5 lakhs job in banking sector. The private banks adopt the latest technology to provide the world class services to the customer. The private banks have changed the work culture of the banks. The SMS alert, Tele caller, internet banking is the new development of banking industry. The private sector banks create a competition in banking industry. The private banks are showing a satisfactory financial performance.