Banking secy may meet PSU bank chiefs on Apr. 17 to review fincl performance
This story was originally published at 18:57 IST on 7 April 2025
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By Priyasmita Dutta
NEW DELHI – The Department of Financial Services Secretary M. Nagaraju will likely hold a meeting with top management of public sector banks on Apr. 1, to review the financial results during the first nine months of 2024-25 (Apr-Mar) and the provisional results for the March quarter, according to two government officials.
The meeting with top executives of all PSU banks will happen in Delhi, and will include senior officials from the ministry and management of state-owned banks.
The net profit of PSU banks in the first nine months of FY25 rose 31.3% to INR 1.29 trillion, the highest-ever for the period. The aggregate deposits of the 12 public sector banks rose 9.8% and credit grew 12.4% during this period. The growth was led by 16.6% rise in retail credit, 12.9% increase in agricultural credit, and 12.5% rise in micro, small and medium enterprises credit, the finance ministry had said compiling the data.
The financial services department chairs these review meetings every quarter. End
Edited by Deepshikha Bhardwaj
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