Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

The hike in customs duties on certain imported products will increase the competitiveness of domestic producers.

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

PSBs witnessed improvement during 2018-19 and the gross NPA ratio decreased from 11.5 per cent to 10.1 per cent.

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.

Since the beginning of the scheme, over 19 crore loans have been extended under PMMY as on June 21, 2019.

NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.