The Indian financial system consists of various pillars of which the banking sector is called the apex. The introduction of competition led to the entry of private sector banks and foreign banks as a milestone in the Indian banking industry. The new entrants came up with new technologies and new range of operational methods. Liberalisation and globalisation have completely changed the functioning of the Indian banking industry. The reforms in the financial sector have revolutionised the Indian banking sector completely. In the case of the banking industry, full competition may not be optimal because it is also needed to avoid a broad level of competition, it is essential for the welfare of the financial system. The result of all the reforms was the development of competition in the banking industry as the monopoly of public sector banks was abolished. Earlier, public sector banks were the only players in the Indian banking industry. Now they had to compete with their competitors in the market. Competitiveness has now become important for the survival of banks in the banking industry. Both concentration and competition have been used as similar terms. The present study has been done to study the competitiveness of the entire banking industry as a whole because the banking sector directly affects the economy of a country. The more competition there is, the more beneficial it will be for the economy. Therefore, it has become necessary to explore the competitiveness trend of the Indian banking industry. Furthermore, the time's demand is to know whether only large banks have held all assets, deposits and advances during the study period or decreased concentration during the time period. Most of the studies were conducted by taking and comparing certain banks, either public sector banks or private sector banks. The present study focuses on measuring the competitiveness, concentration and financial performance of the Indian banking sector in the particular context of scheduled commercial banks.

___________________________________________________________________________________

Keywords: Banking, Economic, Developed, Globalisation, Profitable, Efficient, Competitiveness, Assets.