IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 19, Issue 12. Ver. V (December. 2017), PP 54-58 www.iosrjournals.org DOI: 10.9790/487X-1912055458 www.iosrjournals.org 54 | Page Psychosocial Study of Selected Public And Private Sector Bank Employees Bimal Singh*,Dr. Preeti Yadav**Dr.Vismita Paliwal*** *Research Scholar, Amity University, Jaipur, Rajasthan. **Associate Prof. , Amity Business School, Jaipur, Rajasthan. Correspondence Author: Dr. Vismita Paliwal, Asst. Prof, Department of Psychology, NIMS University, Jaipur, Rajasthan. Vitushri Vila, Patel Marg, Mansarover, Jaipur, Rajasthan, India Corresponding Author: Bimal Singh* Abstract: Terms like training and development are being widely used to evaluate the performance of banking institutions.The banks understand that customers will be loyal if they receive greater value than from competitors and on the other hand banks are able to position themselves better than their competitors within a specific market. Therefore banks need to focus on training and development as a core competitive strategy and special care is nowadays taken for enhancement of job satisfaction and mental health of the employees hereby reducing their level of organizational role stress. In the present study the changes in the level of mental health, job satisfaction and organizational role stress of the employees of public and private sector banks is been reviewed. With the help of studies conducted in this field it is concluded that the employees of private sector banks possess more job satisfaction, have higher levels of mental health and perceive lower levels of organizational role stress as compared to the public sector banks. Implications and limitations of the study are stated. Keywords: mental health, job satisfaction, organizational role stress, employees, public and private sector banks. --------------------------------------------------------------------------------------------------------------------------------------- Date of Submission: 07-11-2017 Date of acceptance: 22-12-2017 --------------------------------------------------------------------------------------------------------------------------------------- I. Introduction In terms of ownership, commercial banks can be further grouped into nationalized banks (majority ownership by government of India), regional rural banks and private sector banks (old and new, domestic and foreign). In 2005, there were 330 scheduled commercial banks (SCB) and 31 scheduled co-operative banks. Deposits at SCB grew at a lower rate of 15.4% (excluding the conversion impact) from 2004 to 2005, compared with 16.4% in the previous year. This reduction reflects a slowdown in both demand deposits and savings deposits (Mohan, 2005). The present commercial banking system in India may be broadly distinguished into public sector banks, private sector banks, and foreign banks. The present study is related to public and private sector banks. A private bank is owned and controlled by an individual or a group of people and these attend personally to its management. The private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. A public bank is that which is owned and controlled by the government and the decisions taken or the management is totally under the control of the government (Sathye, 2003). All the banks in India are working under RBI and have been divided into various sectors based on their working areas and ownership. The classification is as follows: Public Sector Banks a. State Bank of India and its associate banks called the State Bank Group b. 20 nationalized banks c. Regional rural banks mainly sponsored by public sector banks Private Sector Banks a. Old generation private banks b. New generation private banks c. Foreign banks operating in India d. Scheduled co-operative banks