The finance ministry has known as a gathering of heads of public sector banks (PSBs) on March 4 to evaluation monetary efficiency of banks and progress of economic inclusion schemes, amongst others. The assembly is scheduled to be chaired by Monetary Providers Secretary M Nagaraju.
In response to sources, the assembly would additionally focus on and evaluation the progress of varied monetary inclusion schemes together with PM SVANidhi Schemes.
That is going to be the primary assembly after presentation of Union Funds 2025-26 in Parliament. PSBs have posted highest-ever web revenue of Rs 1.29 lakh crore within the April-December interval of the present fiscal 12 months, marking an annual enhance of 31.3 per cent.
The efficiency of PSBs has proven vital enchancment on key monetary parameters, like file web revenue progress, improved asset high quality, and build-up of sufficient capital buffers, through the interval below evaluation.
The 12 state-owned banks recorded web revenue progress of 31.3 per cent (year-on-year) to realize highest-ever combination web revenue of Rs 1,29,426 crore and combination working revenue of Rs 2,20,243 crore within the 9 months of the monetary 12 months.
Additional, improved asset high quality can also be seen from considerably low web NPA ratio at 0.59 per cent (combination web NPA excellent of Rs 61,252 crore), the finance ministry had mentioned in an announcement.
They posted combination enterprise progress of 11 per cent (year-on-year), with improved combination deposit progress at 9.8 per cent. Complete combination enterprise of PSBs reached Rs 242.27 lakh crore through the interval.
