The Ministry of Finance has postponed a meeting with Heads of Public Sector Banks (PSB) to May 6 for review of financial performance and other issues. Previously, the meeting was scheduled for April 17.
The meeting is expected to review the financial performance of the banks and discuss objectives for the Government’s flagship schemes, including Jan Dhan Yojana and the Mudra scheme for financial year 2025-26, sources said.
The meeting is scheduled to be chaired by the Secretary of Financial Services M Nagaraju.
In accordance with the sources, the meeting would also discuss the objectives of the Financial Inclusion schemes, including Prime Minister Mudra Yojana, Indian Standup and the schemes of Prime Minister Svanidhi, for the current financial year.
Public sector banks (PSB) have published the highest net gain of RS 1.29 Lakh Crore in the April-December period of the current prosecutor, which marked an annual increase of 31.3 percent.
The PSB yield has shown a significant improvement in key financial parameters, such as record growth for net earnings, better quality assets and accumulations or appropriate capital shock absorbers, the duration of the period under review.
The 12 state banks registered a growth of net profits or 31.3 percent (year after year) to achieve the highest net aggregate gain of RS 1.29,426 million rupees and operational gains added of RS 2,20,243 million rupees in the nine months of …
In addition, the improved quality of assets is also visible from a significant low NPA ratio at 0.59 percent (NPA added pending RS 61,252 million rupees), said the Ministry of Finance in a statement.
They published an added commercial growth of 11 percent (year after year), with improved growth of deposits added at 9.8 percent. PSB’s total aggregate business reached RS 242.27 Lakh crore duration in the period.