New Delhi, Sept. 13 -- India is looking to scale up at least two public sector banks (PSBs) to become one of the top 20 banks in the world by 2047, a senior government official from the financial services department said on Friday.

The official said that scaling up the size of public sector banks was top of the agenda for the two-day PSB Manthan 2025, which began in Delhi today.

"We currently only have State Bank of India, which ranks 43rd in asset size, in the list of top 50 global banks. The Viksit Bharat road map that has been finalised by the government aspires to take at least two PSBs into the top 20 global banks. The PSB Manthan will discuss and carve the road map for this scaling up that will require both growth in business and ...