Training is one of the most ubiquitous method for acquisition and enhancement of skills, knowledge, concepts or attitudes that can result in improved performance. When organisations spent large amount on training programmes, evaluation of training and measuring the effectiveness of training become more imperative. These not only assess the quality of training imparted but also see what future change in training plan can be made to make it more effective. The study examines the effectiveness of training programme in Private sector banks. It also analyses the present system of training prevailing in Private sector banks and attempts to study the impact of present training system on productivity, quality of work life and job satisfaction. The data collected from employees of two Private sector banks were analyzed using appropriate tools. The findings from the study indicate that the training programme provided by the Private sector banks are effective. Further the study also proved that there is a close association with training program given in the banks and productivity, quality of work life and job satisfaction.