• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Govt Reforms Have Made Banks Robust & Profitable: President Murmu

OMMCOM NEWS by OMMCOM NEWS
June 27, 2024
in Nation

New Delhi:  President Droupadi Murmu said on Thursday that the reforms carried out by the government over the last 10 years have made public sector banks more robust, profitable, and capable of driving the nation’s economic growth.

Addressing the joint session of Parliament, the President said that a lot of reforms have been carried out in the last 10 years that are benefitting the nation today.

She pointed out that SBI is at a record level of profit now, and that LIC (Life Insurance Corp of India) is far more robust and the profits of public sector banks in the financial year 2023-24 rose 35 per cent compared to the previous year.

She said that the government’s reforms have made India’s banking sector among the strongest in the world. She mentioned the implementation of laws such as IBC (Insolvency and Bankruptcy Code) in this regard. The non-performing assets of public sector banks are also falling, she pointed out.

In Q4FY24, State Bank of India (SBI), the country’s largest lender, reported a 24 per cent rise in net profit at Rs 20,698 crore for the quarter ended on March 31, 2024, aided by strong loan demand. SBI reported a net profit of Rs 16,695 crore in the year-ago period.

Life Insurance Corporation of India reported a net profit at Rs 13,762 crore for the March quarter of the financial year 2023-24.

In the January-March quarter of the financial year 2023-24, banks reported robust credit growth, with a strong 15-25 per cent growth.

(IANS)

Tags: Droupadi Murmu
ShareTweetSendSharePinShareSend
Previous Post

T20 World Cup: What Will Happen If India V England Semifinal Washed Out In Guyana?

Next Post

India Is First Responder, Voice Of Global South: President Murmu

Related Posts

Nation

Prashant Kishor Says Jan Suraj Party Will Sweep Bihar, Calls Nitish’s Metro Inauguration His Last

October 6, 2025
Nation

Essential For Large Asian Economies To Work Together To Drive Trade: Amitabh Kant

October 6, 2025
Nation

Vijay Deverakonda Says ‘All Is Well’ After His Car Meets With An Accident, Admits His Head Hurts

October 6, 2025
Nation

Results Of Fresh WBSSC Recruitment Exam Likely To Be Published At Month-End

October 6, 2025
Nation

NHRC Orders Probe Into Spurious Cough Syrup After 12 Child Deaths In MP And Rajasthan

October 6, 2025
Nation

Bihar Polls: BJP Leaders Welcome Two-Phase Polls

October 6, 2025
Next Post

India Is First Responder, Voice Of Global South: President Murmu

Mamata Banerjee Slams Bengal Guv Over Delay In Oath Ceremony Of 2 Trinamool MLAs

EVMs Passed Every Test From SC To People's Court: President Murmu

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.