The economic growth of a country mostly depends upon the efficient banking system because they play significant role in the effort to attain stable prices, high level of employment and sound economic growth. Hence, banking can better be described as the kingpin of the chariot of economic progress. In recent years, there have been considerable pressures on the profitability of banks. Profitability is considered to be an index of financial strength. Profitability is a key performance parameter in banking sector, which reflect efficient utilization of all resources in an organization. The present research paper is an effort to make a comparative study between the Growth rate in Punjab National Bank and ICICI Bank as both the banks are giant banks in public and private sector. As a study of Growth analysis of both the banks for a period of 5 years, i.e., from 20011 to 2016 is made. The main parameters of growth in banks are Net profit growth, Net assets growth, and NPA.