DFS Secretary Reviews PSB Performance for H1 FY 2025-26
The Secretary of the Department of Financial Services chaired a review meeting with Public Sector Banks (PSBs) to assess their performance for the first half of FY 2025-26. PSBs reported a net profit of ₹93,675 crore, with a decline in Gross NPAs to 2.30% and Net NPAs to 0.45%. The meeting emphasized the need for credit growth in MSMEs and agriculture, advancements in digital banking, and the importance of risk management. Key government schemes were reviewed, and a Startup Loans module was launched on the JanSamarth Portal, aligning with the vision of Viksit Bharat @2047.
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