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FinMin holds meeting with heads of state-owned banks; reviews Q1 financial performance
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The finance ministry convened a meeting with public sector bank heads to assess their Q1 FY26 financial performance, revealing a collective record profit of Rs 44,218 crore, marking an 11% year-on-year increase. SBI contributed significantly, while IOB and Punjab & Sind Bank showed substantial profit growth. The ministry urged banks to boost lending to productive sectors.
Author: ET
Published: August 21, 2025
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