FINANCEOUTLOOKINDIAJANUARY, 20244Decoding the Impact of PSBs on Country's Financial Stability The Government of India nationalized 14 central banks in the year 1969, wherein, the move was aimed at regulating the banking sector in a more strategic and controlled manner. Now, coming in the present times, today, public sector banks play a quintessential role in enhancing economic growth of the country. This is being carried out by offering various financial services to businesses and high-net-worth individuals (HNWI) such as providing credit facilities including loans and overdrafts, risk mitigation tools, banking services, among others.PSBs play a key role in facilitating international and domestic trade through trade finance solutions, as well as in devising government-backed policies and supports that further encourage economic activity in targeted areas. Furthermore, through the use of technology, public sector banks are increasing the accessibility and convenience of their customers, and offering digital banking solutions that meet the evolving needs of businesses and HNWIs Moreover, public sector banks prioritized inclusive growth by providing financing to priority sectors such as agriculture and small businesses. This not only supports the growth of these industries but also contributes to overall economic resilience. Public sector banks act as facilitators of economic development, playing a key role in the employment, risk management, and sustainable financial health of businesses and HNWIs in the country. As 2024 shine upon us, Financial Models India presents its third publication, "Top 10 Biggest Public Sector Banks in India - 2024". Our magazine delves deep into how these promising PSBs are helping businesses and individuals in navigating the complex world of finance. Additionally, we focus on unearthing their noteworthy journeys, products and services and other important parameters that set them apart from other players in the market today. Samrat PradhanManaging Editoreditor@financeoutlookindia.comMagazine Price is Rs. 150 per issuePrabhudutta A.R.N RayDesign ManagerAlok ChaturvediPublisherTushar DasSouvik AcharyaDesign Teammarketing@financeoutlookindia.comRavi KalgiGM Sales & MarketingMagendran PerumalCirculation ManagerEditorialSamrat PradhanManaging Editoreditor@financeoutlookindia.comPrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Vol 1 . Issue 3 · JANUARY, 2024
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