In this highly competitive world, success of any organization depends on its human resource. Banks are no exception to this. A satisfied, happy and hard working employee is the biggest asset of any organization, including banks. Workforce of any bank is responsible to a large extent for its productivity and profitability. Efficient human resource management and maintaining higher job satisfaction level in banks determine not only the performance of the bank but also affect the growth and performance of the entire economy. So, for the success of banking, it is very important to manage human resource effectively and to find whether its employees are satisfied or not. Only if they are satisfied, they will work with commitment and project a positive image of the organization. Once banking was confined to public sector only but it was opened to private sector in 1991 on the recommendations of the Narsimaham Committee. The present paper makes an effort to study the job satisfaction level among employees of selected private and public sector banks in Ludhiana. Bank jobs have always remained the first preference of the youth here. So, this study is also an effort to find out what they think of this job afterwards.

Banks in any country are supposed to play an important role in achieving the objective of economic development through financing every sector of that economy. They lubricate the entire monetary and financial system and ensure its smooth operation. The experience shows that whenever the banking sector of an economy gets into trouble, the economic development of that country suffers. It is a well-known fact that the success of any organization depends on its human resource. Banks are no exception to this. Workforce of any bank is responsible to a large extent for its productivity and profitability.

A satisfied, happy and hardworking employee is the biggest asset of any organization. Efficient human resource management and maintaining higher job satisfaction level in banks determine not only the performance of the bank but also affect the growth and performance of the entire economy. In this sense, the bank employees are the lifeline of the economic system.

So, for the success of banking , it is very important to manage human resource effectively and to find whether its employees are satisfied or not. Only if they are satisfied, they will work with commitment and project a positive image of the organization. Once banking was confined to public sector only. It was opened to private sector in 1991 on the recommendations of Narsimaham Committee. The present paper makes an effort to study the job satisfaction level among employees of selected private and public sector banks.

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