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Tuesday, December 02, 2025 | 05:21 PM ISTहिंदी में पढें
FinMin pushes PSBs to expand branches amid private sector competition
Amid rising competition from private and small finance banks, PSBs have been asked to scale up physical infrastructure and cover over 200 unbanked population clusters
 "Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24, accord")
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“Banks have been asked to compete with the aggressive branch expansion by private sector banks and Small Finance Banks. PSBs need to scout for potential areas and open new branches,” an official said.
The Union finance ministry (FinMin) has asked public sector banks (PSBs) to scout for potential locations and open new branches amid growing competition from private banks, according to a senior government official.
“PSBs have been asked to compete with the aggressive branch expansion by private sector banks and small finance banks (SFBs). PSBs need to scout for potential areas and open new branches,” the official said on condition of anonymity.
During 2024-25 (FY25), till December 31, 2024, PSBs opened a total of 1,391 new branches, comprising 271 in metropolitan areas, 311 in urban areas, 539 in semi-urban areas, and 270
