https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Finance Ministry to Review PSBs’ Performance, Set Targets for Key Govt Schemes in April 17 Meeting

The meeting, to be chaired by Financial Services Secretary M Nagaraju, will also discuss the progress of flagship programs like Jan Dhan Yojana and the Mudra Scheme.
Indian Masterminds Stories

The Finance Ministry has called a crucial meeting with the heads of Public Sector Banks (PSBs) on April 17, 2025, to assess the financial performance of banks and establish targets for key government schemes for the financial year 2025-26. The meeting, to be chaired by Financial Services Secretary M Nagaraju, an IAS officer of 1993 batch, will also discuss the progress of flagship programs like Jan Dhan Yojana and the Mudra Scheme.

The discussion will focus on the financial performance of PSBs during the fiscal year ending on March 31, 2025, with a special emphasis on financial inclusion schemes such as PM SVANidhi, which aims to provide financial support to street vendors.

According to sources, PSBs have reported remarkable growth, with the highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, reflecting an impressive year-on-year increase of 31.3 percent. The banks’ performance has seen significant improvement across key financial parameters, including net profit growth, enhanced asset quality, and the build-up of capital buffers.

In the nine months of the current financial year, the 12 state-owned banks collectively achieved a net profit growth of 31.3 percent, with an aggregate net profit of Rs 1,29,426 crore. They also recorded an aggregate operating profit of Rs 2,20,243 crore during this period.

The banks also reported a considerable improvement in asset quality, with the net non-performing asset (NPA) ratio dropping to 0.59 percent, and the aggregate net NPA outstanding at Rs 61,252 crore. Additionally, PSBs witnessed an 11 percent year-on-year business growth, with deposits growing by 9.8 percent, reaching a total aggregate business of Rs 242.27 lakh crore.

The meeting is expected to focus on further strengthening these financial results and aligning them with the government’s goals for financial inclusion and economic growth.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Nitish Kumar
Bihar: CM Nitish Kumar Vows to Create 1 Crore Jobs for Bihar Youth in Next 5 Years, Highlights Major Development Milestones
Vishnu Deo Sai CM
Chhattisgarh Government Approves Rs 1,390 Crore for Four New Medical Colleges and Healthcare Projects
Pushkar Singh Dhami CM
Uttarakhand Government Launches Free Pre-Recruitment Training for Agniveer Aspirants Across All Districts
Airports Authority of India AAI
PESB Finds Candidates Unsatisfactory for AAI Member (Operations) Post, Calls for New Selection Process
justice-photo
Next CJI of India: Find Out Who’s Set to Become the New Chief Justice – Full Story Inside
IPS Ratan Lal Dangi
Who Is IPS Ratan Lal Dangi? Chhattisgarh Police Officer Accused of Harassment by SI’s Wife; IG Anand Chhabra Assigned Probe - Full Story
Yogi Adityanath Ayodhya visit in Diwali
UP: CM Yogi Adityanath Orders Fire Stations Every 100 Km on Expressways, Approves 1,020 New Posts in Fire Services
SDM Chhotu Lal Sharma
Who Is SDM Chhotu Lal Sharma? The 2015-Batch RAS Officer Caught in Yet Another Scandal After Slapping Petrol Pump Employee
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Kushal Chaudhary RAS
From Lab Assistant’s Grit to Rajasthan Topper: How Kushal Chaudhary Topped RAS 2023 with Self-Study | Preparation, Strategy & Interview
Kushal Chaudhary, a farmer’s son and lab assistant from Ajmer, topped RAS 2023 through self-study, overcoming...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Nitish Kumar
Bihar: CM Nitish Kumar Vows to Create 1 Crore Jobs for Bihar Youth in Next 5 Years, Highlights Major Development Milestones
Vishnu Deo Sai CM
Chhattisgarh Government Approves Rs 1,390 Crore for Four New Medical Colleges and Healthcare Projects
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
IDES Saquib Alam
ADVERTISEMENT
ADVERTISEMENT