DFS shows strong performance with help of multiple reforms: Finance Ministry

Key Highlights

• In the galore of digital payments, total transaction volume increased to 22,831 crore in FY 2024-25 at a Compound Annual Growth Rate (CAGR) of 41 per cent compared to 2,071 crore in FY 2017-18, the finance ministry statement said.
• Moreover, the value of transactions also grew to Rs 3,509 lakh crore from Rs 1,962 lakh crore.
• Financial inclusion remains a top priority with the launch of initiatives such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Beema Yojana, Pradhan Mantri Suraksha Beema Yojana, MUDRA, Stand Up India and Atal Pension Yojana.
• According to the data shared by govt, during FY 2024-25, Scheduled Commercial Banks (SCBs) recorded highest-ever aggregate net profit of Rs 4.01 lakh crore and Public Sector Banks (PSBs) also recorded the highest-ever aggregate net profit of Rs 1.78 lakh crore during FY 2024-25.
• Furthermore, the net profit of PSBs during the first half of FY2025-26 was Rs 0.94 lakh crore.