Revitalized Banking: Public Sector Banks' NPA Ratio at a Decade Low
Public sector banks' gross NPA ratio fell to 3.12% in September 2024. Government initiatives and RBI's AQR in 2015 drove transparency, improving banks' asset quality. PSBs recorded highest profits and expanded financial inclusion,
Sitharaman lashes out at Rahul over his remarks on public sector banks
Lashing out at Leader of Opposition Rahul Gandhi over his remarks on state-run banks, Union Finance Minister Nirmala Sitharaman on Thursday said he has a penchant for making baseless statements.
Public Sector Banks Safe, Stable; Performed 'Exceptionally Well' in Recent Years: Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said that the public sector banks are safe, stable and healthy and have performed "exceptionally well" in recent years earning Rs 85,520 crore profit in the first six months of the current fiscal.
Nirmala Sitharaman's Counter To Rahul Gandhi's Comment On Public Banks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
‘Public banks treated as ATMs under Cong rule’: Nirmala Sitharaman's counter to Rahul Gandhi
Rahul Gandhi in an X post alleged that the public sector banks are being “forced to prioritise profit over people
Nirmala Sitharaman attacks Rahul Gandhi, says Congress used public banks as ATMs
While Rahul Gandhi accused the BJP-led Centre of using PSBs as an unlimited source of funds for "fraudulent friends", Sitharaman hit out at the MP saying the Congress-led UPA regime treated public banks as "ATMs for their cronies and shady businessmen".
Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry
The marked improvement also saw public-sector banks record their highest-ever aggregate net profit of ₹1.41 trillion in FY24 ...
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Public Sector Banks Record Rs 1.41-Lakh-Crore Profit In FY24: Finance Ministry
Public sector banks have posted their highest-ever aggregate net profit of Rs 1.41 lakh crore in the last financial year in ...
Public sector banks’ write-offs touched ₹7 lakh cr in FY20-FY25
Public Sector Banks write off ₹7 lakh crore in NPAs, recover over ₹5 lakh crore, but recovery record remains low.
‘PSBs were UPA’s ATM for cronies’: Nirmala Sitharaman counters Rahul Gandhi’s allegations, credits PM Modi for banking sector turnaround
Rahul Gandhi had asked the Modi government to stop using PSBs as "an unlimited source of funds for their fraudulent friends." ...
Gross NPAs of public sector banks at Rs 3.16 trn, 3.1% of outstanding loans
The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 ...
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Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in March 2018
The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, ...
Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3% of outstanding loans
The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 ...