NEW DELHI. Secretary, Department of Financial Services (DFS), M. Nagaraju, chaired a review meeting in New Delhi to assess the performance of Public Sector Banks (PSBs) during the financial year 2025-26. The meeting comprehensively reviewed key areas including business growth, profitability, asset quality, implementation of government schemes, financial inclusion, digital banking, MSME credit flow, cyber resilience and operational risk management. According to the Finance Ministry, Public Sector Banks demonstrated strong financial and operational performance across these parameters. Progress under major initiatives such as Pradhan Mantri Jan Dhan Yojana, social security schemes, Pradhan Mantri Mudra Yojana, PM Vishwakarma and digital lending programmes was also evaluated.
The discussions focused on strengthening digital banking ecosystems, enhancing cybersecurity frameworks and improving access to credit for MSMEs and other productive sectors. Emphasis was also laid on prudent expenditure management and austerity measures while ensuring resilience amid global economic uncertainties. M. Nagaraju highlighted the importance of robust grievance redressal mechanisms, strong governance standards and operational preparedness to keep the banking system resilient and aligned with the vision of Viksit Bharat 2047. During the meeting, the revamped Department of Financial Services website was also launched, offering improved accessibility, seamless navigation and information dissemination in more than 23 regional languages.
