### Public Sector Banks (PSBs)
1. **Deposit Growth**: PSBs have shown steady growth in deposits. As of the latest data, deposits in PSBs increased by approximately 10% year-on-year, reflecting strong customer confidence in public sector banks.
2. **Credit-to-Deposit Ratio**: The credit-to-deposit ratio, a critical indicator of a bank's efficiency in utilizing its deposits to create loans, stood at around 70-75% for most PSBs. This ratio is crucial as it indicates the banks' ability to support economic activity through lending.
3. **Asset Quality**: The gross Non-Performing Assets (NPAs) of PSBs have reduced significantly, dropping to around 5-6% of total advances from over 10% a few years ago. This improvement is largely attributed to the enhanced recovery mechanisms, including the Insolvency and Bankruptcy Code (IBC) and the efforts of the National Asset Reconstruction Company Limited (NARCL).
4. **Government Initiatives**: PSBs have been instrumental in implementing key government schemes. For instance, under the **PM Awas Yojana**, PSBs have disbursed loans amounting to over ₹1 lakh crore, supporting affordable housing initiatives across the country. Similarly, under **PM Vishwakarma**, which aims to enhance the skills of traditional craftsmen, banks have facilitated credit and other financial support.
5. **Digital Payments**: PSBs have also played a significant role in the adoption of digital payments. There has been a marked increase in digital transactions, with some PSBs reporting over 50% of their total transactions occurring through digital platforms.
6. **Cybersecurity**: Strengthening cybersecurity measures has been a priority, with PSBs investing in advanced security protocols to safeguard against the rising threat of cyber-attacks.
### Regional Rural Banks (RRBs)
1. **Ground Level Credit (GLC) for Agriculture**: RRBs have been pivotal in extending credit to the agricultural sector. As of the latest figures, RRBs contributed nearly 15-20% of the total Ground Level Credit to agriculture, amounting to approximately ₹2 lakh crore.
2. **Technology Upgrades**: RRBs are undergoing significant technology upgrades to improve their service delivery. The integration of core banking systems (CBS) and the adoption of digital platforms have been a major focus, with over 90% of RRBs now fully operational on CBS.
3. **MSMEs Support**: RRBs have also been active in supporting Micro, Small, and Medium Enterprises (MSMEs), especially in rural areas. They have extended credit worth over ₹50,000 crore to MSMEs, helping boost rural entrepreneurship and economic activity.
These figures highlight the critical role that PSBs and RRBs play in supporting India's economic goals, particularly in terms of financial inclusion, agricultural credit, and the implementation of government initiatives【8†source】【9†source】.
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