<P> The private - sector banks in India represent part of the Indian banking sector that is made up of private and public sector banks. The "private - sector banks" are banks where greater parts of share or equity are not held by the government but by private share holders . </P> <P> Banking in India has been dominated by public sector banks (since the 1969) when all major banks were nationalised by the Indian government . However, since liberalisation in government banking policy in the 1990s, old and new private sector banks have re-emerged . They have grown faster & bigger over the two decades since liberalisation using the latest technology, providing contemporary innovations and monetary tools and techniques . The private sector banks are split into two groups by financial regulators in India, old and new . The old private sector banks existed prior to the nationalisation in 1969 and kept their independence because they were either too small or specialist to be included in nationalisation . The new private sector banks are those that have gained their banking license since the liberalisation in the 1990s . </P> <P> The Nedungadi Bank was the first private sector bank in India which was founded in 1899 by Rao Bahadur T.M. (Thalakodi Madathil) Appu Nedungadi in Kozhikode, Kerala . </P>

Top ten private sector banks in india 2017