It’s not just banking, it’s nation-building🇮🇳
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Posted On:01 Jul 2025
6️⃣ The FM also highlighted the need for:
✅ Better deposit mobilisation
✅ Scaling up branches in semi-urban, rural & NE regions
✅ Strengthening Business Correspondent networks
✅ Fast-tracking customer grievance redressal
✅ Cleaner, customer-friendly physical branches
It’s
Posted On:01 Jul 2025
It’s about:
✅ Lending responsibly
✅ Powering green growth
✅ Deepening financial inclusion
✅ Supporting MSMEs & rural credit
✅ Building India’s global financial footprint
Posted On:01 Jul 2025
8️⃣ What about international aspirations?
PSBs are being encouraged to:
→ Expand presence in GIFT City
→ Tap opportunities in India International Bullion Exchange (IIBX)
→ Support India’s rise in global financial services
Posted On:01 Jul 2025
7️⃣ Supporting Targeted Credit Initiatives
PSBs will actively support:
→ PM Mudra
→ PM Vishwakarma
→ PM Surya Ghar Muft Bijli
→ Kisan Credit Card (KCC) Scheme
→ PM Vidyalaxmi
→ Stand Up India
Posted On:01 Jul 2025
9️⃣ In short:
India’s PSBs are cleaner, stronger, and more profitable than ever
But the next phase isn’t about just profits
Posted On:01 Jul 2025
The goal:
✅ Assist citizens with KYC/re-KYC
✅ Mobilise unclaimed deposits
✅ Deepen Jan Dhan, PMJJBY, PMSBY coverage
Posted On:01 Jul 2025
5️⃣ The MSME sector isn’t being left behind
Under the New Credit Assessment Model for MSMEs (launched March 2025):
✅ 1.97 Lakh loans worth ₹60,000 Cr have already been sanctioned.
PSBs have been told to speed up this flow of capital to India’s small businesses
Posted On:01 Jul 2025
Under PM Dhan Dhanya Yojana, PSBs will focus on 100 low-productivity districts
Providing special credit products to boost farm productivity and local economic potential
