PSB Confluence on 17-18 August to Bring Together Leadership of Public Sector Banks and Financial Institutions for Action-Oriented Dialogue
Union Finance Minister Smt. Nirmala Sitharaman and Minister of State for Finance Shri Pankaj Chaudhary to address the Two-day Conclave
Participating Institutions to Brainstorm on Identified Themes, Share Proven Practices, and Discuss Practical Initiatives that can be Adopted Across the Banking Ecosystem
The Department of Financial Services (DFS), Ministry of Finance, will host PSB Confluence, a two-day ideation conclave, in New Delhi on 17-18 August. The conclave will bring together the leadership of Public Sector Banks (PSBs) and Public Financial Institutions (PFIs). It aims to foster collaborative dialogue, exchange best practices, and chart out actionable, time-bound strategies with a strong focus on people-centric outcomes.
Ministerial Leadership at the Conclave
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman and Minister of State for Finance Shri Pankaj Chaudhary will attend and address the event. Their presence signals the priority the government places on aligning PSB strategy with national economic goals.
A Platform for Ideas and Action
The PSB Confluence will serve as a platform for participating institutions. Leaders will brainstorm on identified themes, share proven practices, and discuss practical initiatives. Institutions can then adopt these initiatives across the banking ecosystem.
Seven Thematic Tracks
The conclave will organise deliberations around seven thematic tracks. A designated group of institutions will coordinate each track. The 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.
Why These Themes Matter
DFS selected the themes for their direct bearing on citizen welfare and inclusive economic development. The discussions will cover several priorities. These include strengthening the resource base available for affordable credit and facilitating the investment cycle for timely execution of infrastructure projects. They also include developing capability centre ecosystems and strengthening rural value-chain infrastructure to address post-harvest requirements and market linkages. Priority sector lending will extend formal credit to underserved segments. Banking products will also evolve to meet the needs of the youth.
Together, these themes carry the potential to translate institutional and policy interventions into measurable, people-centric outcomes.
Who Will Attend
The PSB Confluence will bring together approximately 125 participants. These include Chairmen, Managing Directors and Executive Directors of PSBs. PFIs such as NABARD, EXIM Bank, SIDBI, NHB, IIFCL, IFCI, and NaBFID will also send senior representatives. Senior officials from the Indian Banks’ Association and the Department of Financial Services will round out the gathering.
Building on a Legacy of Bank Reform
DFS has convened such conclaves before. In January 2015, the department organised Gyan Sangam, a similar two-day retreat that brought PSB and financial institution leadership together in Pune to address performance gaps and chart reform. The PSB Confluence follows that same model of direct, structured dialogue between the government and bank leadership.
The stakes for this year’s conclave are high. India currently has 12 public sector banks, and together they reported a combined net profit of over ₹93,000 crore in the first half of FY26, a double-digit increase over the same period the previous year. The PSB Confluence arrives at a moment when the government wants that financial strength to translate into faster credit growth, deeper investment support, and more inclusive banking access across the country.
