Finmin is likely to meet heads of banks in the public sector on April 17 to review financial performance

New Delhi, April 7 (PTI) The Ministry of Finance called a meeting of heads of the public sector (PSBs) on April 17 to review the financial performance of banks and discuss targets for government flagship schemes, including Jan Dhan Yojana and Mudra scheme for the financial year 2025-26. The meeting is expected to be chairman by the Secretary of Financial Services, M Nagaraju. According to sources, the meeting would also discuss the financial performance of banks during the financial year on March 31 and the target set for financial inclusion schemes, including Prime Minister Svanidhi schemes. The Public Sector Banks (PSBs) achieved the highest net profit of £ 1.29 Lakh Crore in the period of the current financial year in April-December, which was an annual increase of 31.3 percent. The performance of PSBs showed a significant improvement on the most important financial parameters, such as record to profit growth, improved asset quality and build -up of adequate capital buffers during the period under review. The 12 state-owned banks recorded net profit growth of 31.3 percent (year-to-year) to achieve the highest total net profit of £ 1,29,426 crore and the total operating profit of £ 2,20,243 crore in the nine months of the financial year. Furthermore, improved asset quality is also visible from a significantly low net NPA ratio at 0.59 percent (total net NPA outstanding of £ 61,252 crore), the finance ministry said in a statement. They achieved total growth of 11 percent (year-on-year), with an improved growth in total deposit at 9.8 percent. The total total enterprise of PSBs reached £ 242.27 Lakh Crore during the period.