Secretary, Department Financial Services reviews performance of Public Sector Banks

Secretary, Department of Financial Services (DFS), Shri M. Nagaraju chaired a review meeting today of Public Sector Banks (PSBs) to assess their performance and progress across key operational, financial and strategic priorities during FY 2025–26. The meeting was attended by Special Secretary, Department of Financial Services, senior officials of DFS, Chairman, State Bank of India, Managing Directors & Chief Executive Officers (MD & CEOs) and Executive Directors of Public Sector Banks.

During the meeting, a Coffee Table Book on “आपकी पूँजी, आपका अधिकार (Your Money, Your Right)” was unveiled. It captures the nationwide campaign undertaken to empower citizens to identify and reclaim unclaimed financial assets and highlights collaborative efforts by banks, financial institutions, regulators and other stakeholders towards facilitating tracing, claim settlement and restitution of unclaimed financial assets to their rightful owners. Over the past six months, over ₹ 6,800 crore has been restituted to nearly 29 lakh claimants across the country.
Special Secretary, DFS highlighted the importance of strengthening institutional capabilities, operational efficiency and innovation-driven banking practices to meet the evolving requirements of a rapidly transforming financial ecosystem. He emphasised that Public Sector Banks should continue leveraging technology responsibly while remaining focused on inclusive growth, customer service and long-term institutional resilience.

Secretary, DFS also underscored the importance of maintaining robust grievance redressal systems, strong governance standards and operational preparedness to ensure that the banking system remains resilient, trusted and aligned with the vision of Viksit Bharat 2047.(UPDATED ON 29TH MAY 2026)