Today Finance Minister Nirmala Sitharaman will meet heads of public sector banks

Finance Minister Nirmala Sitharaman will meet heads of public sector banks (PSBs) on Thursday amid a much improved economic performance. This will be her first review meeting after the 2022-23 financial results, which showed a combined profit of Rs 1.04 lakh crore by the PSBs.

This was a turnaround from net losses of Rs 85,390 crore in 2017-18. Besides, the gross non-performing assets (GNPA) ratio for banks fell to a 10-year low of 3.9% as of March 2023 which may improve to 3.6%