The Finance Ministry is planning to organise a two-day PSB Manthan from September 12 to discuss and design the next wave of reforms for public sector banks (PSBs). MD&CEOs of all 12 PSBs will participate in the event to discuss on improving the performance of Public Sector Banks. Focus will be on continuing the EASE (Enhanced Access & Service Excellence) journey and implementing next-generation reforms.
The last Manthan was held in April 2022, where six working groups were formed to suggest improvements in areas like customer service, digitisation, HR incentives, corporate governance and inter-bank collaboration. The idea of EASE reforms originally came from the PSB Manthan held in November 2017.
This round of discussions comes at a time when PSBs are reporting record profits. Together, the banks earned ₹1.78 lakh crore in FY25, a 26% jump from the previous year. SBI contributed more than 40% of the total profit, reporting a net profit of ₹70,901 crore. PNB saw the highest growth in percentage terms, with profits more than doubling to ₹16,630 crore.
The government has previously used such brainstorming sessions to push big reforms. Earlier, two Gyan Sangam events were held in 2015 and 2016 and major decisions were held in the banking and financial sector.
Now, the Finance Ministry aims to use the upcoming Manthan to prepare a roadmap for future growth by strengthening governance, promoting digitisation, improving customer service, and ensuring long-term financial health.
It’s expected that some important discussions may be held in this meeting. More details will be released soon.
MD & CEO just misguided the Government.
1. There is no staff shortage.
2. 5-day banking will only increase NPA.
3. There is No stress or unethical in banking. If Any relaxation allowed will only hamper the banking.
4. It is only Scale 5 or 6 or 7 or 8 are hard working otherwise indian banking will collapse.
5. There is corruption only in the Scale of 1-2-3-4. Only Scale 5-6-7-8 are holding the umbrella.
6. Scale 5-6-7-8 are facing the difficulty in banking activities just because of Scale 1-2-3-4.
7. Scale 1-2-3-4 are non performers. As such they must be called to work on Sundays or on other holidays. This will also improve the banking system.
8. They also suggest the government the ways and means to merge the banks or privatize.
9. In order to get the promotions they promise the government to make the bridge even where there is no river.
What a funny and utterly false observation to cover the truth and to gain personal mileage in the eyes of DFS to remain in good book. He is not a fit person to be MD &CEO.
Female Staff in Canara Bank cries in Viral Video alleging Harassment from Bank.
https://hellobanker.in/?p=62964
Will MDs & CEOs tell this ?????