Business EconomyPosted at: Sep 13 2025 7:06PM


DFS organises ‘PSB Manthan 2025’ on future growth of public sector banks

New Delhi, Sep 13 (UNI) Public Sector Banks have moved beyond the phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047, M Nagaraju, Secretary Departmnent of Financial Services, said today.
He also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and expand their role as sectoral champions across both traditional and emerging industries.
He was speaking at ‘PSB Manthan 2025’, a two-day programme organised by Department of Financial Services (DFS), Ministry of Finance that concluded today.
Discussions further suggested that Public Sector Banks put in place robust governance frameworks for artificial intelligence (AI) aimed at strengthening model risk management, nurturing responsible AI adoption, and instituting appropriate safeguards against emerging risks.
This event was chaired by the DFS Secretary and brought together senior leadership of Public Sector Banks along with regulators, industry experts, academicians, technologists, and banking practitioners.
The programme featured seven panel discussions, three expert sessions and open house sessions covering themes like customer experience, governance, purposeful innovation, credit growth, risk management, workforce readiness, technology modernisation, and national priorities.
Speakers highlighted the importance of collaboration with fintechs, academia, global institutions, and entrepreneurs to enhance the capabilities of PSBs and accelerate innovation. They also reaffirmed that PSBs are not only central but also to national priorities.
This event includes eminent speakers, including Swaminathan J, deputy governor of Reserve Bank of India, V Anantha Nageswaran, Chief economic adviser to the Government of India, M Damodaran, former chairman of SEBI, Debasish Panda, former chairman of IRDAI, former deputy governors of RBI–R Gandhi, NS Vishwanathan and MK Jain and former chairmen of SBI Rajnish Kumar and Dinesh Kumar Khara, along with several other distinguished leaders from the financial sector, industry, academia and technology.
Deliberations also underlined the importance of customer centricity, technology-enabled process optimisation, and continuous HR training to empower employees for a rapidly changing banking environment.
PSB Manthan 2025 concluded, reaffirming that the future of Indian banking will be shaped by bold ambitions and transformative purpose, with Public Sector Banks playing a central role in advancing national priorities and aspiring to emerge as institutions of global standing.
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