PSBs has taken various steps to implement pandemic-related measures initiated by the Government of India and Reserve Bank of India (RBI) and readiness to tackle possible future disruptions that may occur due to the ongoing variant of the COVID-19 pandemic.
Performance of Public Sector Banks (PSBs)
- PSBs recorded net profit of Rs 31,820 crore in FY 2020-21, highest in last 5 financial years.
- Net profit of Rs 31,145 crore for the first half of FY2021-22, almost equal to that of FY 2020-21.
- PSBs have effected a recovery of Rs 5,49,327 crore during the last 7 financial years.
- PSBs are adequately capitalised and CRAR of PSBs as on September 2021 is 14.4%, against regulatory requirement is 11.5% (including CCB).
- CET1 of PSBs was at 10.79% as on September 2021 against regulatory requirement is 8%.
- PSBs recorded year-on-year credit growth of 11.3% in personal loans, 8.3% in agriculture loans and overall credit growth of 3.5%, as on September 2021.
- Under Credit Outreach Programme launched in October 2021, PSBS have sanctioned an aggregate loan amount of Rs. 61,268 crore.
- During the COVID-19 pandemic, PSBs have performed well in various Government schemes like ECLGS (launched in May 2020 to provide relief particularly to the MSME sector amidst the COVID-19 pandemic), LGSCAS and PM SVANidhi.
- Of the extended limit of Rs. 4.5 lakh crore of ECLGS provided by the Government, 64.4% or Rs 2.9 lakh crore, sanctioned upto Nov. 2021. Over 13.5 lakh small units survived pandemic due to ECLGS, saved MSME loans worth Rs 1.8 lakh crore from slipping into non-performing assets, and saved livelihood for approx. 6 crore families.
Public sector banks in India and their individual performance for study understanding use the description link: https://aaraichikurippukal.com/list-of-public-sector-banks-in-india2021/