India’s banking sector has achieved a significant milestone by recording its highest-ever net profit, crossing ₹3 lakh crores, according to Finance Minister Nirmala Sitharaman. The Modi government has implemented various reforms, including Samudra Manthan, Jan Dhan, and improved governance, leading to the recovery of more than ₹10 lakh crore from bad loans between 2014 and 2023. The Finance Minister also highlighted that NPAs under the MUDRA scheme are below 3%, dismissing concerns raised by critics. She emphasized the government's commitment to financial inclusion and empowering the underprivileged. Additionally, the financial health of Public Sector Banks (PSBs) has improved significantly since 2014.
News Alert | FM: "Financial health of PSBs improved significantly since 2014" @nsitharaman @nsitharamanoffc @FinMinIndia https://t.co/d90jVI2UhE
Finance Minister Nirmala Sitharaman on May 31 said the Modi Government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than ₹10 lakh crore from bad loans between 2014 and 2023. https://t.co/6QUDIjgVMa
#Modi govt turned around #banking sector, over Rs 10 lakh crore #BadLoans recovered in 10 years: #NirmalaSitharaman https://t.co/SBKheE1UHy
‘Samudra Manthan, Jan Dhan, MUDRA…’ – How PM Modi transformed India’s banking sector, EXPLAINED by FM Nirmala Sitharaman @FinMinIndia @nsitharamanoffc @nsitharaman https://t.co/avHhXAGOWF
"We will continue to take decisive measures to strengthen and stabilise banking system, NPAs under MUDRA below 3%, concerns shown by critics unfounded, We remain committed to further driving financial inclusion, empowering the underprivileged" -Finance Minister @nsitharaman https://t.co/vL9lxPqmwu
"India’s banking sector achieved a significant milestone by recording its highest-ever net profit, crossing ₹ 3 lakh crores," says FM Nirmala Sitharaman @nsitharaman @nsitharamanoffc @FinMinIndia https://t.co/6zFBtSV75P