Psbs | DD News

August 19, 2026 12:11 AM

PSB Confluence 2026 ends with seven-point action plan, FM Sitharaman calls for month-long youth banking campaign from Oct 2

The two-day PSB Confluence 2026 concluded on Tuesday with Public Sector Banks (PSBs) and Public Financial Institutions (PFIs) identifying actionable strategies across seven key themes to strengthen the banking and financial sector and support India's growth towards Viksit Bharat 2047. The conclave, organised by the Department of Financial Services (DFS), Ministry of Finance, brought together senior leadership of PSBs and PFIs, government officials and domain experts for discussions on emerging ...

January 19, 2026 5:07 PM

Public sector banks sanction over Rs 52,300 crore in MSME loans under digital credit model

Public Sector Banks (PSBs) have sanctioned more than 3.96 lakh loan applications worth over ₹52,300 crore to Micro, Small and Medium Enterprises (MSMEs) under a new Credit Assessment Model (CAM) based on digital credit underwriting between April 1 and December 31, 2025. According to Finance Ministry, the digital credit assessment model, launched by PSBs in 2025, leverages borrowers’ digital footprints to enable faster, data-driven and objective appraisal of MSME loan applications. The syste...

December 15, 2024 5:19 PM

Indian SCBs post record net profit of ₹23.50 lakh crore in FY24, reduce NPAs

Scheduled Commercial Banks (SCBs) in India have achieved a significant milestone by recording the highest-ever aggregate net profit of ₹23.50 lakh crore in FY2023-24, compared to ₹22.63 lakh crore in FY2022-23, according to the Ministry of Finance. The asset quality of SCBs has also improved remarkably, with the gross non-performing asset (NPA) ratio declining to 2.67% (₹4.75 lakh crore) in June 2024 from a peak of 11.18% (₹10.36 lakh crore) in March 2018. Public Sector Banks (PSBs)...