In these banks, most of the equity is owned by private bodies, corporations, institutions or individuals rather than government. These banks are managed and controlled by private promoters. Post-liberalisation in the 1990s, banks such as ICICI, HDFC which got the license are the new age Private sector banks. They owing to their improved service offerings give a tough competition to the players in the public sector. Of the total banking industry in India, Public sector banks constitute 72.9% share while the rest is covered by private players. In terms of the number of banks, there are 27 public sector banks whereas 22 private sector banks. As part of its differentiated banking regime, RBI, the apex banking body, has given license to Payments Bank and Small Finance Banks or SFBs. This is an attempt to boost the government's Financial Inclusion drive.