Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Govt plans two mega PSBs among global top 20 banks
Financial Express Chandigarh
|September 13, 2025
THE FINANCE MINISTRY and top management of public sector banks (PSBs) on Friday agreed on a plan for the country to have two large PSBs among the top 20 banks globally.
They also stressed that more autonomy needs to be given to bank boards.
The department of financial services' two-day 'Manthan' with PSBs chiefs also addressed issues related to customer service, regulatory changes, credit growth, NPAs, and the need for technological investments to enhance efficiency and competitiveness, according to official sources.
As India's stature in the global economy grows, with the country slated to be the third largest economy by 2027-28, officials and bankers discussed the creation of large banks, which will have risk-taking ability to support growth in the economy.
This story is from the September 13, 2025 edition of Financial Express Chandigarh.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chandigarh
Financial Express Chandigarh
Airtel rejigs top deck, Shashwat new MD & CEO
Gopal Vittal is executive VC, Soumen Ray group CFO
1 min
December 19, 2025
Financial Express Chandigarh
Will Nvidia turbocharge China's AI military?
PRESIDENT DONALD TRUMP'S decision to approve previously banned exports of Nvidia Corp.'s powerful H200 artificial intelligence chips to China could turbocharge the People's Liberation Army's technological ambitions, narrowing America's edge in military supremacy.
2 mins
December 19, 2025
Financial Express Chandigarh
No problem with Centre, except on statehood, but L-G interfering: Omar
J&K CHIEF MINISTER
2 mins
December 19, 2025
Financial Express Chandigarh
L Catterton takes a bite of Haldiram's
. Picks up minority stake in snacks firm
1 mins
December 19, 2025
Financial Express Chandigarh
India's policy signalling problem
DURABLE REFORMS SUCCEEDED AS THEY'RE PRECEDED BY CONSULTATION; RECENT VOLATILITY STANDS IN CONTRAST
4 mins
December 19, 2025
Financial Express Chandigarh
Vi arm VITIL raises ₹3,300 cr
DEBT-RIDDEN VODAFONE Idea on Thursday said its subsidiary VITIL has completed a ₹3,300-crore fundraise by way of issuing non convertible debentures.
1 min
December 19, 2025
Financial Express Chandigarh
Oman gives duty-free access to Indian medicines, vax
THE INDIA-OMAN ECONOMIC partnership agreement (CEPA) will grant immediate zero-duty access for key finished medicines and vaccines manufactured in India to the West Asian country.
1 min
December 19, 2025
Financial Express Chandigarh
HCLTech to buy HPE telco biz for nearly $160 mn
IT SERVICES MAJOR HCLTech on Thursday said it has signed a definitive agreement to acquire the telco solutions business of Hewlett Packard Enterprise (HPE) for a cash consideration of up to $160 million, including $15 million of performance-linked incentives based on FY25.
1 min
December 19, 2025
Financial Express Chandigarh
'We are scaling up expansion at Flipkart Minutes'
Flipkart Minutes, the quick commerce arm of Flipkart, plans to add around 500 new dark stores in the next three months.
2 mins
December 19, 2025
Financial Express Chandigarh
Ola founder sells another 28.3 million shares; stock hits new low
OLA ELECTRIC FOUNDER
1 min
December 19, 2025
Listen
Translate
Change font size