India’s $10 Trillion Vision : 2 PSBs = World Top-20 Banks = 2047, 6 Points

Delhi

🚀 Banking 2047: How India Plans to Build 2 Global-Scale Public Sector Banks

Key Financial Highlights

1. 2047 Global Banking Goal

   • India aims to scale 2 Public Sector Banks (PSBs) into the world’s top 20 banks by assets under the Viksit Bharat 2047 plan.

   • Currently, only State Bank of India (SBI) figures in the top 50 at 43rd position.

2. PSB Manthan 2025 – Delhi Meet

   • Two-day summit (Sept 13–14, 2025) to carve the growth roadmap for PSBs.

   • Focus: business expansion, global-level acquisitions, and adoption of advanced banking technology.

3. Bank Consolidation Drive – Financial Impact

   • In 2019, government initiated mega-mergers of 10 PSBs into 4 large entities.

   • Outcomes:

     • PNB + OBC + UBI → 2nd largest Indian bank.

     • Canara Bank + Syndicate Bank → 4th largest lender.

     • Union Bank + Andhra Bank + Corporation Bank → 5th largest PSB.

     • Allahabad Bank + Indian Bank → 7th largest PSB.

   • Total PSBs reduced from 27 (2017) → 12 (2025), of which 7 are large banks.

4. Financial Scale Requirement

   • Experts highlight: India, projected to be the 3rd largest economy by 2030, needs global-sized banks with multi-trillion-dollar balance sheets.

   • Presently, no Indian bank matches the asset scale of Chinese or US giants.

5. Future Growth Path

   • Government signals organic growth over fresh consolidation.

   • Focus areas for scaling up:

     • Credit growth in agriculture & MSME sector.

     • Enhanced governance & board restructuring.

     • Digital transformation & AI adoption to match global banking practices.

6. Strategic Implication for Economy

   • Creation of globally competitive PSBs will:

     • Support India’s $10 trillion economy vision by 2047.

     • Enable global financing, trade credit, and infrastructure funding at scale.

     • Boost India’s role in global financial markets.

✅ Disclaimer (The Profit India): This article is for information and analysis only. It does not constitute investment, financial, or legal advice.