The present study was aimed to analyse the financial assistance of nationalized bank in India. The financial assistance was measured during 1997-98 to 2009-10 in State Bank of India and Associate Bank (19 banks). The present paper focused on the performance of the nationalized banks in the context of the Indian economy. The performance is being carried out with the help of certain crucial operational variables of the banks including total business, expenditure, deposits, advances, profits etc. To identify the relative performance of the operational variables the linear and compound growth rates have been calculated. The growth rates worked out indicated that on the average in the case of a majority of the operational variables, the performance of the nationalized banks followed by private sector banks is found to be higher when compared to SBI and its associates and foreign banks.