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On October 15, Moneycontrol have reported that India's banking sector is headed for another round of public sector bank consolidation with the government working on a mega merger that could see smaller lenders being merged with larger banks.

Govt draws up mega bank merger plan; smaller lenders to be clubbed with big banks by FY27

Record of discussion on merger proposal to be examined by Cabinet and PMO

PSU lenders’ average valuation surged 225% over five years on improved financials and asset quality

According to data compiled from 11 major PSU banks, their average price-to-book (P/B) ratio has jumped from 0.35 in March 2020 to 1.14 in July 2025.

NPAs under Mudra loans by PSU banks higher than MFIs and private peers, says DFS Secy

The NPAs under Mudra loan have declined to 2.21% in FY25, including private banks, MFIs and NBFCs. Centre is looking to intensify Mudra lending for sectors such as agriculture and aquaculture in coastal areas, in light of trade challenges.

Government puts on hold proposal to extend retirement age of SBI chairperson, PSB MDs

The plan was to raise the retirement age of the SBI chairperson from 63 to 65 years and that of PSB MDs to 62 from 60. SBI chairman Dinesh Khara turns 63 on August 28

Access to loan made easy: Public sector banks to develop internal credit rating systems for MSMEs by Oct

The finance ministry supports small businesses to get loans at a more affordable rate amid bid to reduce their dependence on external credit ratings while borrowing funds.

Bank of Maharashtra may meet 25% MPS norm in FY25: DFS Secy

"It is unlikely that all banks will meet the MPS requirements in the current year as the gap in MPS among public sector banks (PSBs) is substantial, with figures as high as 97-98 percent for some."

Finmin has asked RBI to nudge pvt lenders to increase corporate lending: DFS Secy

"Cost of employee to bank is very high in PSBs. The public sector banks must enhance their operational efficiency and reduce costs by leveraging AI and technology," the official added.

FinMin to meet CEOs of PSBs on Tuesday, review progress of financial inclusion schemes

The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi.

PSU banks outsmart private, foreign lenders in technical efficiency, shows SBI report

The PSBs were more efficient than private banks in all the (study) years except FY19 to FY23, due to the mega merger of PSBs.

SBI, peer PSU banks seek govt nod for incentives to beef up deposits: Report

As per the report, banks have made representations to senior government officials flagging the slowdown in deposit growth.

ED attached Rs 64,920 crore in 1,105 bank frauds, FM says on revival of PSU lenders

"There has been no leniency in recovering bad loans and the process is ongoing."

Interim budget unlikely to propose capital infusion for public sector banks: Experts

In the past 10 Union budgets, public sector banks have got capital infusion thrice, totaling Rs 3.35 lakh crore.

State-run banks seek dividend relief from government: Report

The state-run banks saw record profits in the current fiscal and any relief extended on the dividend front to banks could chip away at the government's fiscal deficit number pegged at 6.4% especially as the divestment receipts are likely to disappoint.

Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The Pune-based lender recorded a 21.67 per cent increase in gross advances on a year-on-year basis, according to the latest quarterly numbers of the public sector bank (PSB).

Budget 2023 | State-run lenders on track to Rs 1-lakh-crore profit, no fresh capital infusion likely

Finance Minister Nirmala Sitharaman is scheduled to present the fifth and final full Budget of the Modi 2.0 government on February 1. All 12 public sector banks earned a cumulative profit of about Rs 15,306 crore in the first quarter which increased to Rs 25,685 crore in the September quarter.

State-run lenders plan cloud-based platform for fintech connect

The framework will enable state-run banks to access the broad network of fintech companies' resources, lowering their own costs associated with obtaining loans and making ad hoc investments in expensive platforms or technology.

Government to take view on privatisation of public sector banks after consultation with department, regulator

A bank is classified as a Public Sector Bank (PSB) or a Private Sector Bank (PVB) by the Reserve Bank of India (RBI).

Budget 2023: What is in store for banking sector? Will govt bite the bullet on crypto regulations?

The government should act urgently on crypto regulations and give clarity on the bank privatisation plan. 

Finance Ministry undertakes performance review of PSU banks; takes stock of financial inclusion drive

The meeting chaired by Financial Services Secretary Sanjay Malhotra also deliberated on the need to cut non-performing assets and drive financial inclusion

India’s bank privatisation agenda may not enthuse investors as yet, say experts

Potential investors may not want to take on issues of a large pool of bad assets in state-run banks and pressure from bank unions

FM Nirmala Sitharaman to meet heads of banks; to review performance, governance reforms in RRBs

According to sources, the meeting is expected to review governance reforms in Regional Rural Banks (RRBs).

PSBs to hold credit outreach drive across all districts on June 8

In a statement, the Finance Ministry said all districts of the country are prepared to entertain customers and the public at large with their queries on the credit facility and enrolment in various government schemes.

Government stays the course on bank privatisation: Sources

According to reports, the government is on track to privatise two public sector banks (PSBs) and would take proper steps in the coming months, the administration stated its intention to privatise two PSBs this year in the Union Budget for 2021-22 as well.

Frauds in PSBs dip 51% to Rs 40,295 crore; number of cases not falling fast enough: RBI

The 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an application under the Right to Information (RTI) Act.