The saga of the initiation of the liberalization and e-regulation process by the Indian Government in the early nineties had revamped the banking industry in the country, in the following years. The entrance of innovative thoughts cloaked by the advent of private sector banks with the state-of-the-art technology and lean structures aroused the entire scenario from a decade old slumber. The new challenges thrown by the international tycoons of the banking industry were met with aggressive restructuring measures. ....