New Delhi, Jul 28 (ANI): MoS Pankaj Chaudhary speaks in Rajya Sabha during the Monsoon Session of Parliament, in New Delhi on Tuesday. (Sansad TV/ANI Video Grab)
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Public Sector Banks (PSBs) recorded an all-time high net profit of ₹1.98 lakh crore in FY 2025–26, Finance Ministry said on Monday. Further, it said that gross non-performing assets (GNPA) dipped to multi-decadal low of 1.9 per cent.Highlighting information from the written response by Minister of State in the Finance Ministry Pankaj Chaudhary in the Rajya Sabha, the Ministry said that PSBs’ total business reached ₹283.3 lakh crore in FY 26, registering growth of 12.8 per cent. Gross advances of PSBs grew by 15.7 per cent to ₹127 lakh crore as on March 31, 2026, with strong growth across Retail, Agriculture and MSME segments.Chaudhary said the financial health of PSBs has shown significant improvement, with healthy balance sheets, historically high profits and multi-decadal low level of GNPAs. Further, PSBs have recorded sustained credit growth across different sectors of the economy, he said.ECLGS 5.0He further said that the government has introduced Emergency Credit Line Guarantee Scheme (ECLGS 5.0) in May 2026 to address any short-term liquidity mismatches faced by businesses due to the West Asia crisis.The scheme provides guarantee coverage to Member Lending Institutions (MLIs) through the National Credit Guarantee Trustee Company Ltd (NCGTC) for the amount in default under the additional credit facility extended to the eligible borrowers, he said.The scheme provides 100 per cent guarantee coverage for MSMEs and 90 per cent guarantee coverage for non-MSMEs and the scheduled passenger airline sector, up to a credit flow of ₹2,55,000 crore, which includes ₹5,000 crore specifically earmarked for the scheduled passenger airline sector.Published on July 28, 2026
