Miscellaneous

India targets two public sector banks in global top 20 by 2047.

India aims to have at least two public sector banks (PSBs) among the world’s top 20 by 2047, as part of the Viksit Bharat vision, with the State Bank of India and HDFC Bank currently in the top 100 global lenders. Key discussions at the PSB Manthan conclave focus on enhancing corporate governance, improving customer experience, and adopting modern technologies like AI while addressing issues such as cybersecurity and credit growth in priority sectors. With state-run banks significantly improving their financial performance and reducing NPAs, the government is emphasizing resilience and collaboration among banks to ensure robust growth and stability amidst global uncertainties.

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