The Department of Financial Services is hosting the two-day PSB Confluence 2026 on August 17–18 in New Delhi. Finance Minister Nirmala Sitharaman announced that a high-level banking reforms committee for Viksit Bharat will be set up soon.
Deliberations at the conclave will be organised around different thematic tracks, each coordinated by a designated group of institutions. The thematic tracks will focus on Deposit Mobilization, Banking for Youth, Supporting the Investment Cycle, supporting Global Capability Centres, Agriculture & Horticulture Value Chain Infrastructure, Re-imagining the Credit Card Business, and Priority Sector Lending.
The themes have been selected for their direct bearing on citizen welfare and inclusive economic development. The discussions are expected to cover strengthening the resource base available for affordable credit, facilitation of the investment cycle for timely execution of infrastructure projects, development of capability centre ecosystems, strengthening rural value-chain infrastructure to address post-harvest requirements and market linkages, priority sector lending to extend formal credit to underserved segments, and designing banking products to meet the needs of the youth.
The PSB Confluence will bring together approximately 125 participants,including Chairmen, Managing Directors and Executive Directors of PSBs, and PFIs such as NABARD, EXIM Bank, SIDBI, NHB, IIFCL, IFCI, and NaBFID, alongside senior officials from the Indian Banks Association and the Department of Financial Services.
Key Focus Areas
- Deposit Mobilization: The event aims to strengthen the liability side of balance sheets of the banks to fund growing credit demand.
- Banking for Youth: Banks should design digital journeys and financial products for younger generation.
- Investment and Infrastructure: Banks should work on facilitating the investment cycle for project execution.
- Rural and Priority Sectors: Banks should enhance rural value chains and priority sector lending.
Major Announcements
- High-Powered Committee: Finance Minister Sitharaman announced plans to soon form a high-powered banking committee focused on reforms for a developed India.
- Policy Integration: In-depth research papers covering seven core people-centric themes were presented by the Department of Financial Services to guide future banking strategies.
