<p>New Delhi: The finance ministry has called a meeting of heads of public sector banks (PSBs) on March 4 to review financial performance of banks and progress of financial inclusion schemes, among others.</p>.<p>The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju.</p>.<p>According to sources, the meeting would also discuss and review the progress of various financial inclusion schemes including PM SVANidhi Schemes.</p>.<p>This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament.</p>.Govt extends Chief Economic Adviser Nageswaran's term until March 2027 .<p>PSBs have posted highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent.</p>.<p>The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review.</p>.<p>The 12 state-owned banks recorded net profit growth of 31.3 per cent (year-on-year) to achieve highest-ever aggregate net profit of Rs 1,29,426 crore and aggregate operating profit of Rs 2,20,243 crore in the nine months of the financial year.</p>.<p>Further, improved asset quality is also visible from significantly low net NPA ratio at 0.59 per cent (aggregate net NPA outstanding of Rs 61,252 crore), the finance ministry had said in a statement.</p>.<p>They posted aggregate business growth of 11 per cent (year-on-year), with improved aggregate deposit growth at 9.8 per cent. Total aggregate business of PSBs reached Rs 242.27 lakh crore during the period. </p>
<p>New Delhi: The finance ministry has called a meeting of heads of public sector banks (PSBs) on March 4 to review financial performance of banks and progress of financial inclusion schemes, among others.</p>.<p>The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju.</p>.<p>According to sources, the meeting would also discuss and review the progress of various financial inclusion schemes including PM SVANidhi Schemes.</p>.<p>This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament.</p>.Govt extends Chief Economic Adviser Nageswaran's term until March 2027 .<p>PSBs have posted highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent.</p>.<p>The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review.</p>.<p>The 12 state-owned banks recorded net profit growth of 31.3 per cent (year-on-year) to achieve highest-ever aggregate net profit of Rs 1,29,426 crore and aggregate operating profit of Rs 2,20,243 crore in the nine months of the financial year.</p>.<p>Further, improved asset quality is also visible from significantly low net NPA ratio at 0.59 per cent (aggregate net NPA outstanding of Rs 61,252 crore), the finance ministry had said in a statement.</p>.<p>They posted aggregate business growth of 11 per cent (year-on-year), with improved aggregate deposit growth at 9.8 per cent. Total aggregate business of PSBs reached Rs 242.27 lakh crore during the period. </p>