New Delhi, Sept. 13 -- As part of itsViksit Bharat 2047vision, India is setting an ambitious target to position at leasttwo public sector banks (PSBs)among the world's top 20 banks by asset size.

The government sees this as a key step towards strengthening the country's financial system and supporting its long-term growth goals.

At thePSB Manthan 2025conference held inNew Delhi, a senior official from theDepartment of Financial Services(DFS) highlighted that onlyState Bank of India(SBI)-currently ranked 43rd globally-figures among the top 50 banks worldwide.

To achieve the 2047 goal, the government aims to significantly boost the scale, efficiency, and global competitiveness of its PSBs.

ThePSB Manthan 2025initiative will prepare a de...