DFS organises PSB Manthan 2025 (See 'Corp Brief') IICA DG highlights ESG Integration and IBC 3.0 at Corp-Con 2025 (See 'Corp Brief') PMLA - If additional proceeds of crime are unearthed by ED during further investigation, then it can inform CBI for taking further necessary action at their end: SAFEMA (See 'Legal Desk') Prajapati Assumes Charge as Director of All India Institute of Ayurveda (See 'Corp Brief') SEBI - Fact that transactions in particular contract were reversed with same counterparty indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Govt goes for AI-based weather forecasting for agriculture (See 'Corp Brief') India partners with Iceland for sustainable Blue Growth (See 'Corp Brief') Ministry of Coal hosts Roadshow on Coal Gasification-Surface and Underground Technologies (See 'Corp Brief') Reddy inaugurates IBM's Regional Office in Ranchi (See 'Corp Brief') Insurance Surety Bonds for NHAI Contracts Crosses Rs. 10,000 Crore Landmark (See 'Corp Brief') 56th GST Council decisions to benefit both Coal Producers and Consumers (See 'Corp Brief') Railways begins loading of Fresh Apples for Delhi Market (See 'Corp Brief') SEBI - Purposes of disclosure is to bring about transparency in transactions and assist Regulator to effectively monitor transactions in market: SEBI (See 'Legal Desk') RM virtually flags-off Tri-service all-women circumnavigation sailing expedition (See 'Corp Brief') DFS Secy chairs meeting to discuss issues related to Infrastructure Sector (See 'Corp Brief') India sustains major gains in Malaria reduction, aims for elimination by 2030 (See 'Corp Brief') SEBI - Retrospective directions given without notice cannot be sustained: SAT (See 'Legal Desk') GST Reforms in Mining Sector to boost Housing and Small-scale Enterprises (See 'Corp Brief') 'Adi Sanskriti' - A Digital Learning Platform for Tribal Artforms launched (See 'Corp Brief') IPR - No cause of action arises merely from filing trademark application: HC (See 'Legal Desk') MoS chairs 14th Pension Adalat at Vigyan Bhawan (See 'Corp Brief') IBC - Liability of Guarantor and Principal Borrower does not always need to be same: NCLT (See 'Legal Desk') Giriraj Singh highlights transformative outcomes of Next-Gen GST Reforms (See 'Corp Brief') Coal India Limited and NSTFDC Sign MoU to Empower Tribal Students through Eklavya Model Residential Schools (See 'Corp Brief') Chouhan, Rekha Gupta formally inaugurate SARAS Livelihood Fair (See 'Corp Brief') NSTFDC & Coal India ink MoU to empower 30,000 Tribal Students with Digital Learning (See 'Corp Brief') Scope of Social Security to expand with SPREE-2025 and AMNESTY Scheme (See 'Corp Brief') IPR - Writ court can't substitute its subjective view with respect to aspects such as deceptive similarity, once Commercial Court has taken view in that regard, unless such view is found to be palpably erroneous: HC (See 'Legal Desk') CCI okays buy of Dana Incorporated's off-highway business by Allison Transmission (See 'Corp Brief') IEPFA hosts Conference on 'Unlocking Potential of Idle Financial Assets' (See 'Corp Brief') NCEL, APEDA sign MoU to boost cooperative-led agricultural exports (See 'Corp Brief') iDEX-DIO, EdCIL India ink MoU to develop dual-use tech under new ASPIRE program (See 'Corp Brief') IPR - Infringement can arise from any acts of making, using, offering for sale, selling, or importing patented product without consent, and marketers and sellers are equally liable: HC (See 'Legal Desk') Ministry of Minority Affairs concludes 5th Edition of Lok Samvardhan Parv in Kochi (See 'Corp Brief') GST reforms to empower Youth, Promote Fitness and Enhance Ease of Living (See 'Corp Brief') SARFAESI - If Legal representative of deceased guarantor has inherited property in question, then liability of deceased guarantor to repay debt shall fall upon representative who were party to DRT proceedings: HC (See 'Legal Desk') NTH offers Drone Certification at Industry's lowest Fee of Rs.4.2 Lakh (See 'Corp Brief') Scindia to lead Indian Delegation at Universal Postal Congress in Dubai (See 'Corp Brief') IPR - Defendant's continued use of 'IMS Young Achievers' after termination of its agreement with plaintiff amounted to trademark infringement & passing off: HC (See 'Legal Desk') DRDO organises conclave for capacity building of MSMEs (See 'Corp Brief') IPR - Suppression must be deliberate, material, and of high degree to warrant vacating ad-interim relief: HC (See 'Legal Desk') MoS pledges support for '#GarvSeSwadeshi', reaffirming govt's commitment to Atmanirbhar (See 'Corp Brief') IBC - Once there is no variance inter se between Defendants, then Sec 133 of Contract Act does not come into play and Plaintiff cannot seek discharge of its liability under unconditional bank guarantee issued in favour of beneficiary: HC (See 'Legal Desk') ICGEB New Delhi commemorated first anniversary of BioE3 Policy (See 'Corp Brief') A&C - Delay in filing and refiling appeals cannot be condoned due to lack of bona fide: HC (See 'Legal Desk') Board to Report what's Right what's Not (See CORP EINSICHT)

Print

DFS organises PSB Manthan 2025

Published: Sep 15, 2025

By TIOLCorplaws News Service

NEW DELHI, SEP 15, 2025: THE Department of Financial Services (DFS), Ministry of Finance, organised PSB Manthan 2025, a two-day programme that concluded on Saturday at Gurugram, Haryana. The event was chaired by the Secretary, DFS and brought together senior leadership of Public Sector Banks along with regulators, industry experts, academicians, technologists, and banking practitioners. Eminent speakers included, inter-alia Swaminathan J., Deputy Governor, Reserve Bank of India; Dr. V. Anantha Nageswaran, Chief Economic Adviser to the Government of India; M. Damodaran, Former Chairman, SEBI; Debasish Panda, Former Chairman, IRDAI; former Deputy Governors of RBI R Gandhi, N. S. Vishwanathan, and M.K. Jain; and former Chairmen of SBI Rajnish Kumar and Dinesh Kumar Khara, along with several other distinguished leaders from the financial sector, industry, academia, and technology.

In the opening remarks, the Secretary, Financial Services, underlined that Public Sector Banks have moved beyond the phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047. The Secretary also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and expand their role as sectoral champions across both traditional and emerging industries.

The programme featured seven panel discussions, three expert sessions, a fireside chat, and open house sessions, covering themes such as customer experience, governance, purposeful innovation, credit growth, risk management, workforce readiness, technology modernisation, and national priorities. Deliberations focused on reimagining customer journeys in a digital era, embedding governance and operational excellence, fostering purposeful innovation, ensuring sustainable credit growth, strengthening risk management frameworks, and developing an inclusive and future-ready workforce. The discussions also underlined the need for process simplification, timely redressal of customer dissatisfaction, and delivery of seamless services. Suggestions were made for PSBs to adopt next-generation technologies, build common infrastructure or shared utilities, and design hyper-personalised products tailored to diverse customer needs.

The discussions stressed the importance of modernising PSB technology by moving beyond legacy systems to agile and interoperable platforms capable of delivering seamless digital services, enhancing cyber resilience, and integrating effectively with India's digital public infrastructure. It was further suggested that Public Sector Banks put in place robust governance frameworks for Artificial Intelligence (AI), aimed at strengthening model risk management, nurturing responsible AI adoption, and instituting appropriate safeguards against emerging risks. The deliberations also underscored the importance of engaging with technology partners who ensure openness and interoperability, thereby avoiding vendor lock-in and enabling long-term flexibility and innovation.

Speakers highlighted the importance of collaboration with fintechs, academia, global institutions, and entrepreneurs to enhance the capabilities of PSBs and accelerate innovation. They also reaffirmed that PSBs are not only central to financial inclusion but also to national priorities. While their traditional strengths in agriculture, MSMEs, housing, and infrastructure must be deepened further, PSBs must also emerge as key enablers of sunrise sectors such as renewable energy, electric mobility, green hydrogen, semiconductors, shipbuilding, and digital industries. It was further emphasised that PSBs should aspire to evolve into globally competitive banks, with the scale, presence, and capabilities to support Indian enterprises overseas and stand alongside leading financial institutions worldwide.

The deliberations also underlined the importance of customer centricity, technology-enabled process optimisation, and continuous HR training to empower employees for a rapidly changing banking environment. It was emphasised that technology adoption must move beyond digitising existing processes towards re-imagining service delivery, with the objectives of enhancing efficiency, fostering inclusiveness, and deepening customer trust.

During open house sessions on key themes, leaders of PSBs shared their experiences, offered forward-looking suggestions, and raised future concerns around governance, technology adoption, and customer trust. These interactive sessions helped in shaping actionable pathways for the banking sector.

An important outcome of PSB Manthan 2025 was a shared sense of direction that emerged over the two days of deliberations. The discussions set near-term priorities around governance, customer service, technology, and credit delivery, while also outlining a long-term pathway for Public Sector Banks to align with sustainable growth and evolve into globally competitive institutions to realise the vision of Viksit Bharat 2047.

PSB Manthan 2025 reaffirmed that the future of Indian banking will be shaped by bold ambitions and transformative purpose, with Public Sector Banks playing a central role in advancing national priorities and aspiring to emerge as institutions of global standing.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.