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PSBs now positioned to play larger role towards Viksit Bharat 2047: Top govt official

September 13, 2025

New Delhi, Sep 13

Public Sector Banks (PSBs) have moved beyond survival and stability and are now ready to play a bigger role in driving India’s journey towards ‘Viksit Bharat 2047’, a top government official said on Saturday.

During the two-day deliberations, participants discussed key issues such as improving customer experience, enhancing governance, promoting purposeful innovation, ensuring sustainable credit growth, risk management, workforce readiness, and modernising technology systems.

Eminent speakers included RBI Deputy Governor Swaminathan J., Chief Economic Adviser Dr. V. Anantha Nageswaran, former SEBI Chairman M. Damodaran, and several former deputy governors of RBI and chairmen of SBI, among others.

Speakers further stressed that PSBs must aspire to become globally competitive banks with the capacity to support Indian enterprises overseas and stand alongside top global financial institutions.

 

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