Finmin may meet with the head of public sector banks on April 17 to review financial performance
New Delhi, April 7 (PTI), the Ministry of Finance convened a supervisory meeting of the Public Sector Bank (PSB) on April 17 to review the bank’s financial performance and discussed the goals of the government’s flagship program, including the fiscal year 2025-26 for Jan Dhan dhan Yojana and Mudra program.
The meeting was planned by Minister of Financial Services M Nagaraju.
The meeting will also discuss the bank’s financial results for the fiscal year ended March 31 and set goals for financial inclusion plans, including the PM Svanidhi program, the source said.
Public Sector Bank (PSB) Releases Highest Net Profits of All Time ₹The current fiscal year’s April-December maturity is $1.29 billion, marking an annual growth rate of 31.3%.
PSB’s performance showed significant improvements in key financial parameters during the review period, such as record net profit growth, improved asset quality and accumulation of sufficient capital buffers.
The 12 state-owned banks saw a net profit growth rate of 31.3% (year-on-year) to achieve the highest total net profit ever ₹1,294.26 million and total operating profit ₹In the nine months of the fiscal year, $2202.4 billion.
In addition, improved asset quality (total net NPA outstanding) can also be seen from a significantly low net NPA ratio of 0.59% ₹The Ministry of Finance said in a statement, 612.52 million).
Their total business growth rate was 11% (year-on-year), and their total deposit growth rate increased by 9.8%. The overall business of PSB has reached a total of ₹During this period, 242.27 billion tens of millions.
