Topic
public sector banks
Finance India Public Sector Banks' Bad Debt at Lowest Levels in Decades, Government Says
Union Minister of State for Finance Pankaj Chaudhary informed Rajya Sabha that public sector banks' bad debt has fallen to the lowest levels in several decades. Gross NPAs declined from 7.3% to 1.9% in five years, while cumulative profits reached nearly Rs 2 lakh crore in FY2025-26, nearly three times the FY2021-22 level. The government also highlighted the continued credit growth and the role of the Emergency Credit Line Guarantee Scheme (ECLGS) in supporting businesses.
Finance DFS Secretary Evaluates Public Sector Banks' Performance
The DFS Secretary, M. Nagaraju, conducted a comprehensive review of Public Sector Banks in New Delhi, assessing their performance across key financial and operational metrics. The meeting emphasized the importance of financial inclusion, digital banking, and MSME credit flow.