A bank-group wise analysis indicates that Public Sector Banks (PSBs) have seen much greater progress as compared to new private banks and foreign banks (Tables in Annex). The Cost Income ratio across bank groups also indicates similar pattern, with the ratio seeing a significant decline over the period 1995–2013.
The main drivers of this decline were the PSBs, which saw a perceptible decline in this ratio while new private banks and foreign banks, in fact, saw a rise in this ratio over the period under review. 15.