India is an emerging economic power with a very large pool of human resource and natural resource, and a growing large pool of skilled professionals. Indian banking sector is most developed, organized and diversified sector. This sector is an important tool for facilitating the development of Indian economy. Without a sound and effective banking system in India, economy cannot be healthy. The banking system of India should not only be hassle free but it should able to meet new challenges posed by technology and any other external and internal factors. The success and sustenance of any organization lies in the ability to utilize the available resources to maintain an effective level of operations. . The 21st century is deemed as knowledge economy century, in which those who have the technology will take a lead in the future of the competition. As the future is defined as competition of knowledge and technology, enterprise knowledge management turns more important in promoting organizational effectiveness. In the era of globalization, organizations of market economies face strong pressures to be both efficient and produce value added outputs.