PSU Banks: The Unsung Heroes of Indian Economy

Abstract

This paper highlights that the parameters on which performance of private sector banks and public sector banks are compared need to be realigned and need to be relooked from the prism of a welfare state. This article also highlight that how the PSU banks with their welfare driven approach play a central role in overall advancement of economy and Private banks with their profit driven approach are yet to reach at the bottom of pyramid to take a central role in the economy.