The three-hour-long assembly was chaired by Monetary Providers Secretary M Nagaraju.
Through the assembly, the secretary urged the MDs and CEOs of state-owned banks to extend lending in direction of the productive sector of the economic system, in keeping with sources.
The evaluation assembly with public sector banks assessed the efficiency of the primary quarter of 2025-26.
Led by State Financial institution of India (SBI), public sector banks, cumulatively, logged a report revenue of Rs 44,218 crore within the first quarter of the present fiscal, with an 11 per cent year-on-year development.
All 12 public sector banks collectively made a revenue of Rs 39,974 crore within the June quarter of FY25. The rise in revenue in absolute phrases was Rs 4,244 crore.Market chief SBI alone contributed 43 per cent to the overall earnings of Rs 44,218 crore, as per the revealed numbers on inventory exchanges.SBI logged a internet revenue of Rs 19,160 crore in Q1 FY26, 12 per cent greater than the identical interval of the earlier fiscal. When it comes to measurement and earnings, the most important lender within the nation nonetheless controls the general public banking market.In proportion phrases, Chennai-based Indian Abroad Financial institution reported the best internet revenue development of 76 per cent to Rs 1,111 crore, adopted by Punjab & Sind Financial institution with a 48 per cent rise to Rs 269 crore.
Through the quarter, all 12 public sector banks (PSBs) besides Punjab Nationwide Financial institution (PNB) reported a decline in revenue.
PNB reported a 48 per cent fall in internet revenue to Rs 1,675 crore in opposition to Rs 3,252 crore within the year-ago interval.
Central Financial institution of India recorded 32.8 per cent development within the June quarter internet revenue to Rs 1,169 crore, Indian Financial institution posted 23.7 per cent rise to Rs 2,973 crore, and Financial institution of Maharashtra logged 23.2 per cent enchancment to Rs 1,593 crore.