Group 1 - The PSB Manthan conclave focuses on strengthening corporate governance, enhancing customer experience, and modernizing public sector banks (PSBs) to improve global competitiveness, including the use of artificial intelligence [1][10] - The agenda includes preparing PSBs for future challenges, scaling them organically, and increasing resilience amid global uncertainties [2][10] - Key discussions involve improving the current account-savings account (CASA) ratio and boosting credit growth in priority sectors like agriculture and MSMEs [5][11] Group 2 - Credit growth has moderated, with non-food credit growth at 9.9% year-on-year in July 2025, down from 13.7%, and lending to large industries growing by less than 1% [6][11] - State-run lenders have improved financial performance, with gross NPAs reduced to 2.58% as of March 2025 from 9.11% in March 2021, and net profit increased to Rs 1.78 lakh crore from Rs 1.04 lakh crore during the same period [8][11] - The last PSB Manthan in 2022 led to a government directive for banks to create a three-year business strategy roadmap and enhance collaboration among banks [9][11] Group 3 - Under the EASErise reform agenda for FY26, PSBs will focus on strengthening risk-management systems, enhancing capacity to absorb economic shocks, and maintaining financial stability [10][11]
India aims for two PSBs on world top 20 list by 2047
The Economic Timesยท2025-09-13 00:00