The Indian government is reportedly considering permitting at least four state-owned banks to raise funds or expand their public float in the first half of the next financial year (FY25) to boost lending activities and increase public participation. PNB is said to be aiming for a follow-on public offer (FPO) by September, while the Central Bank of India is seeking approval for an offer for sale (OFS) to expand its public float. The move is part of the government’s efforts to strengthen state-run banks and enhance their ability to support economic growth.