- In the first half of 2024–2025, Public Sector Banks (PSBs) had shown a growth of 11% year over year.
- The aggregate business of Public Sector Banks was 236.04 lakh crore rupees.
- According to the Finance Ministry, significant banking reforms have been implemented in recent years.
- These include the adoption of the Insolvency and Bankruptcy Code (IBC), the implementation of Enhance Access and Service Excellence (EASE), and the establishment of a strong governance framework.
- Year over year, the worldwide credit portfolio increased by 12.9%, while the deposit portfolio increased by 9.5%.
- Additionally, PSBs have made great strides in implementing cutting-edge technology like blockchain, AI, and the cloud.
In the first half of 2024–2025, Public Sector Banks (PSBs) had shown a growth of 11% year over year
ByCurrent Hunt Team
Nov 15, 2024