The Department of Financial Services (DFS) held a review meeting on 29 May 2026, chaired by Shri M. Nagaraju, Secretary, DFS. The meeting examined the performance of Public Sector Banks (PSBs) for FY 2025‑26.
Key Developments
- A coffee‑table book titled “आपकी पूँजी, आपका अधिकार (Your Money, Your Right)” was unveiled, documenting the campaign to trace and restitute unclaimed assets. Over ₹6,800 crore was returned to nearly 29 lakh claimants in the last six months.
- The DFS website was relaunched with multilingual support in 23 regional languages and accessibility features for visually‑impaired users.
- PSBs reported a record net profit of ₹1.98 lakh crore, the highest ever.
- Aggregate business of PSBs reached ₹283.3 lakh crore as of 31 March 2026.
- Asset quality improved, with Gross Non-Performing Assets (GNPA) falling to a historic low of 1.93 % and Net Non-Performing Assets (NNPA) declining to 0.39 %.
- Progress on financial‑inclusion schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Mudra Yojana (PMMY), and digital lending initiatives was reviewed.
- Digital lending processes now use e‑KYC, paper‑less documentation, and straight‑through processing (STP) to improve speed and customer experience.
Important Facts
- Net profit: ₹1.98 lakh crore (FY 2025‑26).
- Aggregate business: ₹283.3 lakh crore.
- GNPA: 1.93 % (historic low).
- NNPA: 0.39 %.