Nirmala Sitharaman reviewed government banks!!!
Finance minister nirmala sitharaman held a review meeting with senior officials of public sector banks on Monday. In this, the Finance minister discussed with the banks on many issues like increasing deposits in banks, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment, cyber security, credit products and schemes. The Finance minister directed all government banks to focus on customer service and pay special attention to customers in rural and semi-urban areas. nirmala sitharaman said that cooperation should be increased between banks, government, regulator and security agencies regarding fraud and cyber security.
Banks should pay special attention to PM surya Ghar and Vishwakarma Yojana
Finance minister nirmala sitharaman said that banks need to take rapid steps to implement the budget announcements. The Finance minister said that banks should pay special attention to PM surya Ghar Free electricity Scheme and PM Vishwakarma Yojana. Secretary vivek Joshi and M Nagaraju along with heads of all banks and officials of the Department of Financial services attended this meeting.
Banks' asset quality improved, NPA also reduced
Nirmala Sitharaman has expressed satisfaction over the performance of public sector banks in the financial year 2024. She said that the asset quality of banks has improved. Also, net NPA has also come down to 0.76 percent. The net profit of banks has been Rs 1.45 lakh crore. Along with this, they have distributed a dividend of Rs 27,830 crore. Along with this, banks have also successfully raised capital from the market. The credit growth of banks is also excellent. But now they have to work fast on increasing deposits.
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