Tag: State Bank of India
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Government’s Ambitious Plans for Public Sector Banks
Introduction The Indian government is setting lofty aspirations for public sector banks (PSBs) as part of its broader vision to achieve developed nation status by 2047. Among these ambitious goals is the aim to ensure that at least two PSBs are listed among the world’s top 20 global banks. Currently, the State Bank of India…
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India’s Ambitious Goal for Public Sector Banks
Introduction The Indian government has set an ambitious target: to have at least two public sector banks (PSBs) rank among the world’s top 20 banks by 2047. This initiative aligns with the broader goal of achieving ‘Developed Nation’ status by the centenary of India’s independence. Currently, the State Bank of India (SBI) is the only…
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India’s Goal: Two Public Sector Banks in Global Top 20
Introduction In a significant move to elevate India’s financial standing, the government has set an ambitious target for public sector banks (PSBs). As part of its broader strategy to establish India as a ‘Developed Nation’ by 2047, the aim is to position at least two PSBs among the top 20 global banking institutions. Currently, the…