India's PSB Manthan 2025 Aims to Make Public Sector Banks Globally Competitive
New Delhi is hosting the Finance Ministry's PSB Manthan 2025, a pivotal two-day conference focused on next-generation banking reforms for India's public sector banks (PSBs). Chaired by M. Nagaraju, Secretary of the Department of Financial Services, the event signals India's intent to modernize its banking sector while aligning it with global standards and the vision of Viksit Bharat 2047.
The conference delves into governance, asset quality, modernization, and institutional strategy to ensure PSBs are resilient, scalable, and prepared for future challenges. It aims to strengthen and modernize the sector, with an ambitious target of having at least two PSBs break into the world's top 20 by assets.
Day two of the conference focuses on building an inclusive, future-ready workforce aligned with Viksit Bharat 2047 goals. Mr. Anil Kumar, a prominent personality, leads the session as the Chief Guest. A fireside chat with Ashish Lahoti, CTO of ServiceNow, and Rohit Verma, Principal Architect at Google Cloud, highlights the role of technology and AI in shaping the future of PSBs.
PSB Manthan 2025 serves as a strategic blueprint for India's banking future, positioning PSBs as globally competitive, technology-enabled institutions capable of driving national economic growth. The conference discusses strategic roadmaps informed by global best practices, ensuring PSBs can compete on a global scale. Its unique emphasis on AI, technology, and innovation makes it a landmark event for India's banking sector.
