Public Sector Banks

DFS Secretary Reviews PSB Performance for H1 FY 2025-26

Official Press

Official Press

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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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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link