<h1>Public Sector Banks Report Record Profit, Improved Asset Quality, and Capital Adequacy; Focus on Digital Payments and RRBs.</h1> The Union Finance Minister chaired a meeting to review the performance of Public Sector Banks (PSBs) for the financial year 2022-23. The meeting highlighted significant improvements in credit deployment, profitability, asset quality, and capital adequacy. PSBs reported a record net profit of Rs. 1.05 lakh crore, with improved asset quality and a capital adequacy ratio of 15.53%. The Minister emphasized adherence to regulatory frameworks, risk management, and meeting Priority Sector Lending targets. Upcoming reviews of Regional Rural Banks (RRBs) will focus on technological upgrades. A special campaign will enhance digital payment adoption and expand PMSVANidhi coverage for street vendors.