The steps being taken by the government towards improving the condition of public sector banks in India have started showing. Apart from this, Finance Minister Nirmala Sitharaman told the Lok Sabha on Monday that by the end of September, 2019, the NPAs of public sector banks i.e. NPAs had come to the level of Rs 7.27 lakh crore. With this, it was Rs 8.96 lakh crore at the end of March, 2018.

In a written reply in the Lok Sabha, the Finance Minister said, 'To improve the condition of public sector banks, the government has prepared a complete blueprint for reforms. If we talk about the same, there is also the government's emphasis on governance reforms, underwriting, monitoring and recovery. Technology is being promoted at all levels of the banking system, which has reduced the NPAs of banks. With this, a record recovery of Rs 2.03 lakh crore has been made in the last one and a half years since September 2019. In the first half of the current financial year, 12 out of 18 public sector banks have been profitable.

For your information, let us tell you that the provision coverage ratio of banks is also at the highest level of seven and a half years. About the banks' confidence in lending the same, Sitharaman said that some cases of default and fraud weakened the confidence of banks. Have done However, the government is also taking steps to address the concerns of banks in this matter. Finance Minister Sitharaman also mentioned the steps taken to improve the functioning and management of public sector banks.

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