https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

DFS Organises PSB Manthan 2025 to Chart Future Roadmap for Public Sector Banks

PSB Manthan 2025 charts governance, technology, and growth roadmap for Public Sector Banks to support Viksit Bharat 2047.
Indian Masterminds Stories

Gurugram: The Department of Financial Services (DFS), Ministry of Finance, concluded PSB Manthan 2025, a two-day programme bringing together leaders from Public Sector Banks (PSBs), regulators, industry experts, technologists, and academicians. The event was chaired by the Secretary, DFS.

Eminent speakers included Swaminathan J., Deputy Governor, RBI; Dr. V. Anantha Nageswaran, Chief Economic Adviser; M. Damodaran, former SEBI Chairman; Debasish Panda, former IRDAI Chairman; and former Deputy Governors of RBI, R. Gandhi, N.S. Vishwanathan, M.K. Jain. Former SBI Chairmen Rajnish Kumar and Dinesh Kumar Khara also participated, alongside several distinguished leaders from finance, technology, and academia.

PSBs Positioned as Champions of Growth

In his opening remarks, the Secretary, DFS, noted that PSBs have moved beyond survival and stability. He highlighted their growing role in driving innovation, leadership, and financial inclusion on India’s path to Viksit Bharat 2047. Strengthening governance, operational resilience, and global competitiveness were emphasised as key priorities.

The Secretary also urged PSBs to expand their sectoral presence, supporting both traditional industries and emerging sectors such as renewable energy, electric mobility, green hydrogen, semiconductors, shipbuilding, and digital enterprises.

Deliberations on Governance, Technology, and Customer Centricity

The programme featured seven panel discussions, three expert sessions, a fireside chat, and open house interactions. Key themes included customer experience, risk management, credit growth, technology modernisation, workforce readiness, and purposeful innovation.

Discussions focused on reimagining digital customer journeys, embedding operational excellence, and fostering innovation. Recommendations were made to simplify processes, ensure timely grievance redressal, and deliver seamless services. Participants also highlighted adopting next-generation technologies, building shared infrastructure, and offering hyper-personalised products.

Modernising Technology and AI Governance

Speakers stressed upgrading legacy banking systems to agile, interoperable platforms capable of seamless digital service delivery. Cyber resilience, integration with India’s digital public infrastructure, and robust governance frameworks for AI were key focus areas. The framework aims to strengthen model risk management, ensure responsible AI adoption, and mitigate emerging technological risks.

Engagement with fintechs, academia, global institutions, and entrepreneurs was highlighted to accelerate innovation. Open and interoperable technology partnerships were recommended to prevent vendor lock-in and ensure long-term flexibility.

Strengthening PSBs for Global Competitiveness

The discussions emphasised that PSBs must deepen strengths in agriculture, MSMEs, housing, and infrastructure while emerging as enablers of sunrise sectors. Customer-centricity, process optimisation, continuous HR training, and reimagined service delivery were underscored to build efficiency, inclusiveness, and trust.

Interactive open house sessions enabled PSB leaders to share experiences, suggest actionable pathways, and address future challenges around governance, technology adoption, and customer trust.

Pathway to Viksit Bharat 2047

PSB Manthan 2025 concluded with a shared vision for short-term priorities in governance, credit delivery, technology, and customer service. Long-term goals include positioning PSBs as globally competitive institutions aligned with sustainable growth and national development objectives.

The programme reaffirmed that bold ambitions, transformative purpose, and innovation will define the future of Indian banking, with PSBs central to advancing national priorities.

Also Read: From Survival to Leadership: PSBs Redefine Role of India’s Growth Story


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Karnataka High Court
Karnataka High Court Quashes Criminal Case Against MP Dr. K Sudhakar in ₹4.8 Crore Election Cash Seizure
Bihar Police
Bihar Police Reshuffle Ahead of Assembly Elections: 3 IPS, 148 DSPs Transferred; Ashok Kumar Singh Appointed SP Human Rights Commission
FACT
From Finance Head to CMD: Who Is S Sakthimani, the PESB-Recommended Chief of FACT Limited?
Reserve-Bank-of-India_RBI_resized
RBI Proposes UIN-Based System to Simplify Foreign Offices Setup, Eases Approval Norms
NITI Aayog
NITI Aayog Proposes Presumptive Taxation Scheme for Foreign Investors to Boost Certainty and Ease of Doing Business
Bihar Government-resized-IM
Major IAS Reshuffle in Bihar Ahead of Elections: 7 Officers Transferred; Dr. Chandrashekhar Singh Appointed Secretary to CM Secretariat
bureaucracy news
IRS Chandra Madhav Singh Appointed Deputy Secretary in Consumer Affairs; IPS Shika Goel Takes Over as DG Vigilance & Enforcement in Telangana
IAS Shailja Pandey
Who Is IAS Shailja Pandey? Nainital Officer Joins Rajasthan Cadre After Transfer from Bihar
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
ADVERTISEMENT
UPSC Stories
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Giriraj Parihar MPPSC 2024
From Constable to Deputy Collector: Giriraj Parihar’s 9-Year MPPSC Journey | Farmer’s Son, Brother to Five Sisters
From a jail guard to MPPSC 2024 Rank 8, Giriraj Parihar’s nine-year journey of self-study, hard work,...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Karnataka High Court
Karnataka High Court Quashes Criminal Case Against MP Dr. K Sudhakar in ₹4.8 Crore Election Cash Seizure
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
ADVERTISEMENT
ADVERTISEMENT