It is one of the important financial pillars of the financial sector, which plays a crucial role in the functioning of an economy. It is also necessary to suggest the remedial measures of banks so that they can take right action whenever required to keep all the operation and function of banks at right track. So it is necessary to study on this topic with the rationality of banking sector with operational performance based on ten parameters with selected banks of public sector and private sector. This study is based on Private Sector and Public Sector in India. Those banks are engaged in different activities of the financial services. The performances of banks are examined empirically by parameters. As per the requirement of the objectives, performance of the banking system is examined by the Compound Annual Growth Rate (CAGR) and Coefficient of Variation. Private sector banks are working to earn maximum profit and the responsibility of the growth and the welfare is on Public Sector banks.