The finance ministry has deferred efficiency evaluation assembly with heads of public sector banks (PSBs) by a day to March 5. The assembly, to be chaired by Monetary Providers Secretary M Nagaraju, would evaluation monetary efficiency and progress of monetary inclusion schemes, amongst others, sources mentioned.
Earlier, Division of Monetary Providers had fastened March 4 for the assembly.
That is going to be the primary assembly after presentation of Union Price range 2025-26 in Parliament. The 12 PSBs have posted highest-ever internet revenue of Rs 1.29 lakh crore within the April-December interval of the present fiscal yr, marking an annual improve of 31.3 per cent.
The efficiency of PSBs has proven important enchancment on key monetary parameters, like document internet revenue development, improved asset high quality, and build-up of enough capital buffers, in the course of the interval below evaluation.
Additional, improved asset high quality can also be seen from considerably low internet NPA ratio at 0.59 per cent (combination internet NPA excellent of Rs 61,252 crore), the finance ministry had mentioned in an announcement.
They posted combination enterprise development of 11 per cent (year-on-year), with improved combination deposit development at 9.8 per cent. Complete combination enterprise of PSBs reached Rs 242.27 lakh crore in the course of the interval.
