Source: IE
Context:
At the PSB Manthan 2025 conclave (two-day event), the government set a long-term vision to make at least two public sector banks (PSBs) enter the world’s top 20 by 2047, aligning with the Viksit Bharat 2047 roadmap.
Global Positioning of Indian Banks
- Currently, only State Bank of India (SBI) and HDFC Bank feature in the top 100 global lenders by assets.
- Target: At least two PSBs in top 20 by 2047.
Focus Areas of PSB Manthan 2025
- Corporate Governance: Strengthening oversight and autonomy.
- Customer Experience: Personalised banking and service quality.
- Future-readiness: Adoption of AI, digital transformation, and modernisation.
- Cybersecurity & Workforce Transformation.
- Risk Management & Financial Stability: Part of EASErise agenda for FY26.
- CASA Ratio: Discussions on improving declining current account–savings account ratios.
