Today, DFS Secretary Shri M. Nagaraju conducted a review meeting of Public Sector Banks (PSBs) to assess their performance and progress across key operational, financial and strategic priorities during FY 2025–26.
The meeting was attended by Special Secretary, Department of Financial Services, senior officials of DFS, Chairman, State Bank of India, Managing Directors & Chief Executive Officers (MD & CEOs) and Executive Directors of Public Sector Banks.
It was highlighted in the meeting that Public Sector Banks demonstrated strong financial and operational performance during FY 2025–26.
Aggregate business of PSBs reached approximately ₹283.3 lakh crore as on 31 March 2026, while aggregate net profit increased to around ₹1.98 lakh crore, recording the highest-ever annual net profit in the history of Public Sector Banks.
Asset quality also remained robust, with Gross Non-Performing Assets (GNPA) reaching a historic low of 1.93% and Net Non-Performing Assets (NNPA) declining to 0.39%, reflecting continued strengthening of balance sheets and prudent risk management practices.
Coffee Table Book on “आपकी पूँजी, आपका अधिकार (Your Money, Your Right)
During the meeting, a Coffee Table Book on “आपकी पूँजी, आपका अधिकार (Your Money, Your Right)” was unveiled.
What is Your Money, Your Right campaign?
It is a nationwide campaign to empower citizens to identify and reclaim unclaimed financial assets. Over the past six months, over ₹ 6,800 crore has been restituted to nearly 29 lakh claimants across the country.
The revamped website of the Department of Financial Services was also launched during the meeting. The website is available in 23 regional languages and incorporates accessibility features for persons with visual impairments.
Other discussions held in meeting
The progress of major financial inclusion schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), social security schemes, Pradhan Mantri Mudra Yojana (PMMY), PM Vishwakarma, and digital lending initiatives was reviewed during the meeting.
Public Sector Banks (PSBs) are playing an important role in providing banking services to more people and improving access to banking facilities in every part of the country.
The meeting also reviewed the progress of fully digital loan processes for small-value loans and government welfare schemes. Public Sector Banks shared steps taken to make loan processing easier and faster, including paperless procedures through e-KYC, digital documents, straight-through processing (STP), and integration with government platforms.
These measures help improve customer convenience and access to banking services.
Discussions were also held on strengthening digital banking systems, improving cyber security, and increasing credit availability for MSMEs and other important sectors of the economy.
Banks were advised to control expenses and follow austerity measures while remaining strong in the face of global economic uncertainties. They were also asked to provide timely support to eligible borrowers under ECLGS 5.0, improve grievance redressal systems, increase operational efficiency, and explore new business opportunities for long-term growth and profitability.
The banks were further advised to stay prepared for any impact arising from the recent Middle East crisis and other global developments.
The Special Secretary of the Department of Financial Services (DFS) stressed the need to strengthen institutional capabilities, improve efficiency, and promote innovation in banking.
He said that Public Sector Banks should continue using technology responsibly while focusing on financial inclusion, customer service, and long-term stability.
The Secretary of DFS also highlighted the importance of strong grievance redressal systems, good governance, and operational preparedness. He said these measures are necessary to ensure that the banking system remains strong, reliable, and aligned with the vision of Viksit Bharat 2047.
