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Bank Consolidation Talks: FM Sitharaman on Bigger PSBs

7 November 20251 min read
BANKING & FINANCEBank ConsolidationTalks: FM Sitharamanon Bigger PSBs7 November 2025safalsetu.com

Why in the news

The Finance Minister said discussions on building bigger banks through mergers or other routes are under way; no final approval yet.

Key facts

  • Aim: world-class banks that compete globally, work efficiently and widen financial inclusion.
  • 2018-20 consolidation: 13 PSBs into 5; SBI absorbed its associates and Bharatiya Mahila Bank.
  • Now 12 PSBs; just SBI in the global top 50.

Other remarks

TopicPoint
Branch staffLocal language skill, possibly part of appraisals
LendingEasier loans, less paperwork
MarketsNo F&O ban; remove hurdles, educate investors
Inclusion56 crore Jan Dhan accounts

Exam angle

  • Phase 1 mergers: 2018-20 (13 into 5); Jan Dhan accounts: 56 crore.

Test yourself

1. How many public sector banks does India have at present, according to the Finance Minister's remarks?

India now has 12 PSBs after the earlier consolidation.

2. Which Indian bank is the only one in the global top 50 banks by assets?

Only SBI features in the global top 50 by assets.

3. What is the number of Jan Dhan accounts cited by the Finance Minister?

She noted 56 crore Jan Dhan accounts.

This topic is part of Daily Current Affairs 7 November 2025 (16 topics).

All topics of the dayDay quizNovember 2025

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