FM nudges public banks to enhance credit growth, profit

PTI

New Delhi, Updated At : 02:05 AM Jun 28, 2025 IST

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FM Nirmala Sitharaman on Friday asked public sector banks (PSBs) to take advantage of RBI’s jumbo 50 basis points rate cut to increase lending toward productive sectors of the economy.

During a review of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said. Cumulative profit of 12 PSBs rose to record Rs 1.78 lakh crore in FY25, registering a growth of 26 per cent over the previous year.

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