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Finance Minister Nirmala Sitarman reviews the financial performance of PSBS. This RBI marks the first formal interaction between FM and PSB officials following recent monetary easy steps.
Finance Minister Nirmala Sitarman on Friday chaired the meeting to review the performance of public sector banks on various parameters in New Delhi.
Union Finance Minister Nirmala Sitarman on Friday presided over an important meeting with heads of public sector banks (PSBS) in New Delhi to review her financial performance and assess the progress of various government -backed schemes.
The meeting marks the first formal conversation between the Finance Minister and the PSB officials following the recent monetary easy steps of the Reserve Bank of India (RBI). Earlier this month, the RBI Monetary Policy Committee led by Governor Sanjay Malhotra announced a 5.5%reduction in the repo rate, as well as a purpose of increasing an additional liquidity of Rs 2.5 lakh crore in the banking system with a reduction of 100 basis points in the cash reserve ratio (CRR).
According to the post of Finance Ministry on X (East Twitter), Minister of State for Finance Bhagwat Kard, Secretary of the Department of Financial Services (DFS) M.K. Nagaraju, and all 12 public sector banks along with MDS and CEOs along with other senior officials were participated.
Union Finance Minister Mrs. @NSITHARAMAN Chairing the meeting to review the performance of public sector banks #PSBS On various parameters, in New Delhi, today. This meeting is also being participated by the Central State Sri Sri. @MPPCHUDHARY Mr. M. Nagaraju, Secretary… pic.twitter.com/xqfnqlotmb
– Ministry of Finance (@Finminindia) 27 June, 2025
It should be noted that public sector banks (PSBS) cumulative benefits increased to a record level of Rs 1.78 lakh crore in the financial year ended March 2025, which records a 26 percent increase compared to the previous year.
All 12 public sector banks made a total profit of Rs 1.41 lakh crore in FY14.
Full profit in full-year-old FY 25 was about Rs 37,100 crore in FY 25.
Among the total benefits of Rs 1,78,364 crore earned during FY’25, the Market Leader State Bank of India (SBI) contributed more than 40 percent of the total income according to the number published on the stock exchanges.
SBI logged in a net profit of Rs 70,901 crore in FY 25, which was 16 percent more than the previous financial year (Rs 61,077 crore).
In percentage terms, Delhi -based Punjab National Bank reported the highest net profit increase of 102 percent to Rs 16,630 crore, after which Punjab and Sindh Bank increased by 71 percent to Rs 1,016 crore.
During the year, all 12 public sector banks (PSBs) reported an increase in profit.
On Thursday, Sitarman also visited the International Financial Services Center (IFSC) at Gift City in Gandhinagar, Gujarat and reviewed the progress of the Gift International Finance Services Center.
Haris is the Deputy News Editor (Business) on News18.com. He writes on various issues related to markets, economy and companies. After a decade experience in financial journalism, Haris has become the first Asso …Read more
Haris is the Deputy News Editor (Business) on News18.com. He writes on various issues related to markets, economy and companies. After a decade experience in financial journalism, Haris has become the first Asso … Read more
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