India is turning its gaze toward the creation of global-scale banks, which would be mega institutions capable of financing the country’s growing ambitions in infrastructure, manufacturing and technology. The government’s renewed focus on consolidation among public sector banks (PSBs) signals not just a domestic reform effort but a broader strategic bid to position Indian lenders alongside global financial giants. The move aligns with the nation’s long-term “Viksit Bharat 2047” vision of becoming a developed economy and underscores a belief that scale, stability and competitiveness in banking are indispensable to sustaining rapid growth. India’s ambition to create at least two globally competitive banks among the world’s top 20 aligns with its broader developmental goals. The “Viksit Bharat 2047” roadmap envisions an economy capable of financing its own transformation. For this, financial institutions must be able to handle the scale of lending needed for green energy corridors, smart cities, and next-generation manufacturing.