FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review

The cumulative profits of PSBs surged to a record ₹1.78 trillion in FY25, registering a growth rate of 26 per cent over the previous year. All 12 PSBs saw profits of ₹1.41 trillion in FY24.

Union Finance Minister Nirmala Sitharaman on Thursday will chair the annual performance review meeting with public-sector banks (PSBs) for financial year 2024–25 (FY25), according to a senior government official familiar with the matter.

 

“The meeting will bring together managing directors of all PSBs, State Bank of India chairman, Financial Services Secretary M Nagaraju, and other senior officials. The focus will be to review FY25’s financial results, along with discussions on business growth, loan recoveries, progress in digital banking, and efforts on financial inclusion,” the official said. 

 

This will be Sitharaman’s second interaction with the PSB chiefs this week. Last Friday,