Finance Minister Nirmala Sitharaman Praised Banks Full Video | 5 Day Week In Tamilnadu 2025 #Finance

emplo 2 miscellaneous Department state government officer and Commercial Banker M important the government direct that all the office under the control of government of Tamil Nadu will be closed all Saturdays and Sundays of 2024 National government the notify public holiday shall be applied

to state government undertakings cooperation or board Bing ins India Bank applo Association 22 performance link intive for whole time directors and Senior exective of public sector Banks however I think the banking system with cleaner Balance Sheets now and Capital

adequate Capital buffers and robust earnings uh are actually very well positioned to Finance I would think la long-term projects but not really as longterm

as you get into once earlier we face that situation the asset liability mismatches we should extremely be careful about such anomalies and I would think therefore the recent results of the public sector Banks if only we can spend a minute recalling it the operating Profit for half

year the first half year of FY 25 was 1.5 lakh crores which is 14.4% year on year growth and net Profit for the same period is 85520 crores 25.6% your on- year growth gross and net npas of the public sector Banks stood at 3.12% and 0.63% as of September 24 so the third very

important indicator for the bank’s health and robustness is the Capital to risk weighted Assets ratio which stood at 15.43% in September 24 against regulatory requirement of 11.5% only so you’re really having sound healthy fit Banks who should now with

confidence chalk their future uh even with the this resilient picture I would equally and hastily add we find that India’s Bank Credit to GDP ratio stands relatively low at around 58.7% I’m talking of 23 24 figures compared to Global averages this underscores a

significant opportunity for financial deepening and Credit expansion within the economy which is awaiting for us to exploit by addressing the Credit demands arising from infrastructure development and underserved segments banks will play a crucial role in fueling

the next phase of India’s growth equally Digital Credit can be a powerful tool to cultivate economic opportunities an IMF research said an increase in digital Financial inclusion in payments alone in payments alone leads to a 2.2% rise in average economic growth uh perhaps by

uh driven more by the consumption Channel and also by greater formalization