New
Delhi: Reserve
Bank governor Dr Bimal Jalan has expressed satisfaction
at the performance of public sector banks (PSBs).
Talking to reporters
after a meeting with Union Finance Minister Yashwant Sinha to
review the performance of public sector banks, Jalan said the over
130-per cent growth in net profits achieved by the PSBs is
indicative that the sector is in good health.
He said the achievement
has been partly due to the strict regulation of the sector.
"But the high level of non-performing assets is a cause
of concern for the central bank. The RBI has also stressed that
the PSBs should try to reduce their transaction costs."
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