India's Finance Ministry to Review Public Sector Banks' Record-Breaking Performance on March 4
2025-02-20
cnbctv18
The Indian Finance Ministry is set to meet with the heads of public sector banks on March 4 to review their financial performance, following a remarkable April-December period. During this time, public sector banks (PSBs) achieved a record-high net profit of ₹1.29 lakh crore, representing a significant 31.3% annual increase. This substantial growth underscores the sector's resilience and potential for further expansion, with key factors such as digital banking and economic recovery contributing to their success. As the banking sector continues to evolve, this meeting will be crucial in shaping the future of PSBs in India's financial landscape, with topics like financial inclusion and banking services likely to be discussed.
