Shares of Indian private sector banks, especially new private sector banks established in the 1990s, in the total income and assets of the banking system have increased considerably since the mid-1990s (Table 6). Indian private sector banks, particularly new private sector banks, have made rapid progress in terms of increasing their income and asset size since the mid-1990s.
In terms of branch expansion, the compound growth rate of private sector banks over the period 2002-07 was almost three times that of all scheduled commercial banks and more than four times that of public sector banks (Table 7).