The Finance Ministry told such news about SBI-PNB-BoB, from the common man to the government, happy
Reserve Bank of India: During the last ten years, the NPA of public sector banks has come down to 3.12 percent. According to the information given by the Finance Ministry, the total NPA of public sector banks was 14.58 percent in March 2018.
Public Sector Banks NPAs: The measures of the government are continuously paying off and the NPAs of public sector banks have come down drastically. This is the reason that due to all the measures taken by the government, the NPA of public sector banks has come down to the lowest in the last ten years at the end of September 2024. In the last 10 years, it has come down to 3.12 per cent. On behalf of the Finance Ministry, it was said that in March 2018, the gross NPA of public sector banks was 14.58 percent. The government's four R's i.e. problem recognition, recapitalization, resolution and reform measures have led to a decline in NPAs.
Steps to improve the financial system
Since 2015, the government has adopted a strategy of 4 R's to address the challenges faced by public sector banks (PSBs). Under this, steps were taken to transparently identify, resolve and recover bad loans, infuse capital into PSBs and improve the financial system. The Capital Adequacy Ratio (CAR) in PSBs improved by 3.93 percentage points to 15.43 per cent in September 2024 from 11.45 per cent in March 2015.
Public sector banks reaching every corner of the country earned the highest profit of Rs 1.41 lakh crore during 2023-24, which was Rs 1.05 lakh crore in 2022-23. In the first half of 2024-25, the figure stood at Rs 0.86 lakh crore. In the last three years, PSBs have paid a total dividend of Rs 61,964 crore. "Public sector banks are reaching out to every corner of the country to enhance financial inclusion. Their capital base has strengthened and their asset quality has improved. They are now able to raise capital from the market instead of depending on the government for capital," he said.
More than 52 crore unsecured loans have been approved to strengthen financial inclusion in the
country, 54 crore Jan Dhan accounts and various major financial schemes. PM-MUDRA, Stand-up India, PM-SVANidhi, PM Vishwakarma... Under this scheme, more than 52 crore loans have been sanctioned without any guarantee. The Finance Ministry said that under the Mudra Yojana, 68 per cent of the beneficiaries are women and under the PM-SVANidhi scheme, 44 per cent of the beneficiaries are women.
Increasing Number of