December 12, 2024 6:38 PM

PSB reforms: financial inclusion, credit growth and employee welfare

The central government has implemented a series of reforms over the past decade aimed at improving the performance of Public Sector Banks (PSBs). These measures have addressed challenges such as non-performing assets (NPAs), financial inclusion, and credit growth.   In 2015, the Reserve Bank of India introduced the Asset Quality Review (AQR) to identify and address stressed accounts. This led to the transparent recognition of NPAs, with the gross NPA ratio peaking at 14.58% in March 2018 befo...