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Govt to review profitability of PSBs, bad loan recovery
Financial Express Pune
|May 14, 2025
Finance Minister Nirmala Sitharaman will likely meet the chiefs of public sector banks (PSBs) on Thursday to assess their performance in 2024-25 in various parameters, including profitability, bad loans recovery, deposit mobilisation, digital payments, cyber security and implementation of government schemes, sources told FE.
FINANCE MINISTER NIRMALA Sitharaman will likely meet the chiefs of public sector banks (PSBs) on Thursday to assess their performance in 2024-25 in various parameters, including profitability, bad loans recovery, deposit mobilisation, digital payments, cyber security and implementation of government schemes, sources told FE.
It is to be noted that 12 PSBs have recorded a robust 26% annual growth in net profit at ₹1.78 lakh crore in 2024-25 compared with ₹1.41 lakh crore in 2023-24.
The review meeting will be attended by senior officials of the department of financial services.
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