Performance Analysis of Public Sector Banks in India

Abstract

Banking as a major part of the financial sector, is the life blood of the economy. It plays a decisive role in accelerating the rate of economic growth. The importance of commercial banks in the process of economic development has been stressed from time to time by the economic thinkers and progressive bankers in the country. Banks are the heart of our financial structure. Banks play a positive role in the economic development of a nation as depositories of community’s savings and as purveyors of credit. Indian banks have aided the economic development during the past fifty eight years (1949-2007)  in an effective way. The banking sector has shown remarkable responsiveness to the needs of planned economy.