Public Sector Banks

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 ...

May 12, 2026 4:17 PM

Public Sector Banks post record ₹1.98 lakh crore net profit in FY26

Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1.98 lakh crore in the financial year 2025–26, marking the fourth consecutive year of profitability, according to data released by the Finance Ministry on Tuesday. The strong financial performance was driven by healthy credit growth, improved asset quality, higher recoveries and strengthened capital positions, reflecting continued reforms and enhanced governance practices across PSBs. The aggregate business of ...

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 23, 2025 10:32 AM

Public sector banks now competing with private, foreign lenders: Piyush Goyal at MSME Banking Excellence Awards

Union Minister of Commerce and Industry Piyush Goyal on Monday said public sector banks are today competing on an equal footing with private and foreign banks, reflecting the strengthening of India’s banking system and its growing role in supporting economic growth. Addressing the MSME Banking Excellence Awards in New Delhi, Goyal said public sector banks have emerged as strong and competitive institutions, standing shoulder to shoulder with private and foreign lenders in financing India’s ...