Public Sector Banks Focus On Youth And Deposits At New Delhi Meet
· Business · LiveMint, Indian Express, indianexpress
The Department of Financial Services is hosting the two-day PSB Confluence 2026 in New Delhi, bringing together nearly 125 senior leaders from public sector banks and public financial institutions. Union Finance Minister Nirmala Sitharaman is scheduled to address the gathering, which prioritizes deposit mobilization and youth-focused banking products. The strategy follows record financial performance in FY26, where public sector banks reported a combined net profit of ₹1.98 trillion and gross non-performing assets fell to around 1.9%. Aggregate business crossed ₹283 trillion, with deposits reaching ₹156.3 trillion and advances at ₹127 trillion. Prime Minister Narendra Modi recently called for at least one Indian bank to rank among the world's top five during his Independence Day address.
Why it matters
Strengthening deposit mobilization provides the funding base for continued credit expansion, directly influencing retail, agricultural, and infrastructure lending across India.
Read the original report — LiveMint
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