SMC Global Securities Limited

It’s not just banking, it’s nation-building🇮🇳 If you found this breakdown useful, follow for more clear, India-focused finance threads RT to keep your network informed

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

It’s about: ✅ Lending responsibly ✅ Powering green growth ✅ Deepening financial inclusion ✅ Supporting MSMEs & rural credit ✅ Building India’s global financial footprint

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

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

9️⃣ In short: India’s PSBs are cleaner, stronger, and more profitable than ever But the next phase isn’t about just profits

The goal: ✅ Assist citizens with KYC/re-KYC ✅ Mobilise unclaimed deposits ✅ Deepen Jan Dhan, PMJJBY, PMSBY coverage

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

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