<h1>72% of Public Sector Bank Transactions Now Digital Thanks to Enhanced Banking Services and Initiatives.</h1> Nearly 72% of financial transactions by Public Sector Banks (PSBs) are conducted through digital channels, a significant increase from previous years. The government has facilitated this shift by enhancing digital banking, doorstep services, and digital lending platforms. Key initiatives include contactless digital lending, online bill discounting for MSMEs, and the Jeevan Pramaan initiative for pensioners. The PSB Reforms Agenda has improved mobile and internet banking services, automated digital lending, and analytics-based credit offers. The PSB Alliance has launched doorstep banking services in 100 cities. There is no current proposal for a Digital Banking Infrastructure Corporation, though discussions have occurred among some PSBs.