Leading Minister Nirmala Sitharamaman led a meeting of the public sector sector in the national capital Friday to review the PSU banking space. State Minister for Financial Pankaj Chaudhary, Services Service Secretary M Nagaraju and other officials from the department, and the directors of directors and CEOs in many public lenders participated in the meeting. Many challenges faced in PSU Banking space are expected to discuss with the thoughts.
Managing the lenders to facilitate their debt ministry, the financial minister told the PSU bank trees to ensure that changes in rate of rapidly lenders.
He expresses the satisfaction of the overall PSU Banks (NPA) properties of 0.52 percent, such as the end of march.
Besides, the Minister also told them to ensure quality service and experience for borrowers.
The meeting comes weeks after the Reserve Bank of India (RBI) has given a larger expected 50-basic point of termination of ‘neutral’ from ‘accommodative’. The RBI also cuts its cash reserve ratio to enhance the liquidity of the banking system.
There are 12 public sector banks in the system. Their total gain reaches a rect Rs 1.78 Lakh crore of financial year ended March 31, 2025, marking the corresponding period of one year, shown in the data.
12 PSU Banks in India | View the list
These banks are:
- Sbi
- PNB
- Canara Bank
- Bank of Baroda
- Union Bank of India
- Punjab & Bank
- Indian Bank
- Bank of India
- Central Bank of India
- Bank of Maharashtra (86.46%)
- Indian Overseas Bank
- Uco Bank
The financial minister meeting at PSU bank trees come days before the start of a new quarterly earned season on Dalal Street.
How was SBI’s largest borrowers, India on assets, fell away from FY25
The Indian state is registered with a net profit at Rs 70,901 crore of the financial year 2024-25, marks the increase of 16.1 percent last year.
Its operating profits crossed the Rs 1 lakh crore mark driven by surgical operating income and has operating costs. It stood at Rs 1,10,579 crore, until 17.9 percent on a year-on-year-standard basis.
The domestic net net net net net (nim), is a key measure of income, stood 3.22 percent for the financial year.
The bank improves its asset quality.
Gross non-producting assets (NPAs) as a percentage of total loan falls in 1.82 percent for FY25, 42 basic points lower than last year. Net NPAS are about 0.47 percent, on 10 basic points.
