PSB Confluence 2026 Outcomes To Shape High-Powered Banking Reforms Committee For Viksit Bharat
New Delhi, Aug 17: Conclusions from the two-day PSB Confluence 2026, organised by the Department of Financial Services (DFS), will provide substantive inputs to the proposed High-Powered Committee on Banking for Viksit Bharat, an official statement said on Monday. Union Finance Minister Nirmala Sitharaman highlighted youth as a critical focus area for the future of banking, the statement from the…
On August 17, the outcomes from the two-day PSB Confluence 2026, organized by the Department of Financial Services (DFS), will provide key insights for the proposed High-Powered Committee on Banking for Viksit Bharat, an official statement revealed. Finance Minister Nirmala Sitharaman highlighted the importance of youth as a crucial focus area for the future of banking, as 29% of India's population falls within the 15-29 age bracket.
The Minister emphasized the historically low Non-Performing Assets (NPAs) level, positioning the banking sector for further reforms. On the first day of the confluence, senior leadership from Public Sector Banks and Public Financial Institutions, alongside government officials and domain experts, gathered to deliberate on opportunities and strategic priorities.
The confluence, structured around seven themes, aimed at identifying practical strategies and solutions for banking and financial sector advancements. Sanjay Lohiya, Secretary of DFS, stressed the necessity of translating these deliberations into actionable outcomes, encouraging PSBs and PFIs to anticipate emerging trends, enhance institutional capabilities, and utilize collective expertise to fuel economic growth.
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