Public Sector Banks Merger & Rising Foreign Investment: AIBEA’s Lalita Joshi Breaks it Down

India’s public sector banking system continues to undergo major shifts from consolidation of banks after the 2019 mergers to rising foreign investment under liberalised FDI norms. These developments have sparked important questions about efficiency, staff movement, regional needs, and the future structure of PSBs. In this interview, Lalita Joshi, Joint Secretary of AIBEA, Chairperson of the National Women’s Council, AIBEA, shares her perspective on: •Whether further PSB mergers are on the horizon •How consolidation has impacted employee transfers, promotions, and workload •The challenges of applying a uniform merger model across diverse states •The implications of increased foreign ownership in the banking sector. •Long-term concerns around financial autonomy and public sector control