The Finance Ministry has called a meeting of heads of public sector banks on March 4 to review the progress of financial performance and financial inclusion schemes of banks.
The meeting is to be chaired by Financial Services Secretary M Nagaraju.
According to sources, the meeting will also discuss and review the progress of various financial inclusion schemes including PM Sawidhi schemes.
This is going to be the first meeting after the presentation of the Union Budget 2025-26 in Parliament.
PSB has posted a net profit of Rs 1.29 lakh crore in the April-December period of the current financial year, marking an annual growth of 31.3%.
Performance of PSBS showed significant improvements on major financial parameters during the period under review, such as record net profit growth, better asset quality and creating adequate capital buffers.
12 state-owned banks recorded a net profit increase of 31.3% (year-year) to get the highest net profit of Rs 1,29,426 crore and received the operational benefits of Rs 2,20,243 crore in nine months Did. Financial year.
In addition, better asset quality is also visible from 0.59% (total net NPA outstanding Rs 61,252 crore) than a much less net NPA ratio, the Finance Ministry said in a statement.
He posted a total commercial growth of 11% (year-on-year), with a total increase of 9.8%. PSB’s total total business reached Rs 242.27 lakh crore during the period.
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