Review of financial performance of private sector banks in India

Private sector banks play an important role in development of Indian economy. After liberalization the banking industry under went major changes. Banking in India is mature in terms of supply, product range and reach-even in rural India through rural banking and remote banking. In terms of quality of assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sheets. The economic reforms totally have changed the banking sector. RBI permitted new banks to be started in the private sector as per the recommendation of Narashiman committee. The new generation banks with used of technology and professional management has gained a reasonable position in the banking industry. The present research work focuses on major private sector banks in India and its fundamental analysis for the selected period of 5 years and also analyzes economy by using some economic indicators like GDP, and inflation rate etc for the selected period of 5 years.