Abstract:
In response to raising number of banks in India, the study seeks to contribute to the debate
relating to public sector banks in Indian context. The stakes in the study are quite high and the
study need to be informed by history, theory as well as objective reality of public sector banks
operating in India. In this context, the present study contributes the analysis of income and the
evolution of public banks, beginning with the colonial era, up to the current period. It carries on
the analysis till 2014 and concludes that public sector banks enjoy high profits despite the
existence of private sector banks, cooperative banks, rural banks and also foreign banks
