news
Public Sector Banks report a historic low Gross Non-Performing Assets (GNPA) of 1.9% and a record net profit of ₹1.98 lakh crore for FY 2025-26, reflecting strong financial health and credit growth across various sectors, particularly MSME and retail. Source: Original Link
news
The Secretary of the Department of Financial Services reviewed the performance of Public Sector Banks, highlighting their record-setting annual net profit of ₹1.98 lakh crore and significant growth in business. The meeting also unveiled a campaign on reclaiming unclaimed financial assets and a revamped website for enhanced citizen services.
news
Union Education Minister Dharmendra Pradhan met with senior officials from State Bank of India, Bank of Baroda, Canara Bank, and Indian Bank to discuss improvements to the CBSE Payment Gateway System. The aim is to create a more dependable, student-friendly system for handling fees related to re-evaluations and other post-exam
news
Union Education Minister Shri Dharmendra Pradhan has engaged Union Finance Minister Smt. Nirmala Sitharaman to address technical issues in CBSE's payment system, with support from four Public Sector Banks, in order to enhance student service experiences during post-result processes. Source: Original Link
news
Public Sector Banks in India have recorded a historic net profit of ₹1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of profitability. The robust financial performance is attributed to improved asset quality, operational efficiency, and strong capital adequacy. The Gross Non-Performing Assets ratio fell to an
news
Public Sector Banks in India have achieved a new milestone by recording an unprecedented net profit of ₹1.98 lakh crore in FY 2025-26. This marks the fourth consecutive year of profitability, driven by improved asset quality, significant growth in advances, and efficient governance reforms. With the Gross NPA ratio
news
The Ministry of Finance, Government of India, has announced a strategic workforce expansion in Public Sector Banks (PSBs) with the recruitment of over 50,000 candidates for FY 2025-26, marking a significant 33% increase from the previous year. This move, conducted through the Institute of Banking Personnel Selection (IBPS), is
news
Shri. M Nagaraju, Secretary of the Department of Financial Services, held a review meeting with heads of Public Sector Banks and senior officers of major Private Sector Banks to assess progress on Financial Inclusion schemes. The focus was on expanding banking access in unbanked villages and enhancing both physical and
news
The EASE 8.0 reform agenda launched under the Ministry of Finance focuses on transforming Public Sector Banks (PSBs) into agile, future-ready, and customer-centric institutions. This initiative, called EASERise, is structured around the themes of Risk & Resilience, Innovation, Socio-Economic Impact, and Excellence. It aims to enhance digital lending, AI
news
Between April and December 2025, Public Sector Banks sanctioned over ₹52,300 crore in MSME loans through a new Credit Assessment Model. This model leverages digital footprints and data-driven processes to streamline MSME financing through the Jan Samarth Portal, reducing paperwork and increasing efficiency. Source: Original Link
news
Union Minister of Commerce and Industry, Shri Piyush Goyal, announced the India–New Zealand Free Trade Agreement (FTA), the seventh under Prime Minister Narendra Modi, signaling a strategic shift towards developed economy partnerships. This FTA, alongside financial support from public and private banks, aims to bolster India's MSME
IBC cases
The Secretary of the Department of Financial Services chaired a review meeting to address pending IBC cases at the NCLT. Emphasis was placed on adhering to timelines for the admission of corporate insolvency resolution process (CIRP) applications and resolving cases. Chief Executives of Public Sector Banks were instructed to monitor