Volume: 17, Issue: 1
INTRODUCTION
Banking is the heart and soul of any business. The economy of the country mostly depends on the functioning of banking institutions. In India, the banking system is heavily depended on the public sector banks.Therefore, smooth functioning of public sector banks is important to achieve the economic efficiency. Public sector banks are the banks that are fully owned and operated by the central government of India. These banks are the integral part of the banking system. It accounts for nearly 75 per cent of the total banking business in India. State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda etc, are the examples of public sector banks. Thus, public sector banks hold the major performance in the financial operations of our country. As our core research is financial performance evaluation of public sector banks, it is essential to study in brief about the Indian banking system and public sector banks.
