FinMin’s first review meeting with PSB heads post-Union Budget deferred to March 5: Report

The finance ministry has deferred performance review meeting with heads of public sector banks (PSBs) by a day to March 5. The meeting, to be chaired by Financial Services Secretary M Nagaraju, would review financial performance and progress of financial inclusion schemes, among others.

Earlier, Department of Financial Services had fixed March 4 for the meeting

This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament.

The 12 PSBs have posted highest-ever net profit of ₹1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent.

The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review.