Abstract

The banking sector in India has glorious history. Private banking is been started since starting of banking system in India. Since long, one of the fastest growing sector in India is private sector banks. Private sector banks promoted a world class institution in India which is having latest technology, new system, new standards of service and efficiency. The Private sector banks have the dominant role in the country’s financial system. They have performed the key functions of providing liquidity and payment services faster than public sector banks. In this paper an attempt has been made to identify the general challenges and opportunities for the Indian new Private sector banks. This article provides important seed of knowledge and is very useful for bankers and new researchers.