In the first half of 2024–2025, Public Sector Banks (PSBs) had shown a growth of 11% year over year
Current Hunt Team
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.
