In November 2025, the Department of Financial Services(DFS)under the Ministry of Finance(MoF)launched the “Startup Common Application Journey”onJanSammarthportalaimed to provide a unified digital platform for startups to access credit across all Indian Public Sector Banks (PSBs).
- This unique application form was launched byMNagaraju,Secretary of DFS, MoF, during the PSBs Review Meeting held in New Delhi, Delhi.
Financial Status of Indian PSBs:
Review of Financial Performance:During the meeting, the Finance Secretary reviewed the financial performance of 12 PSBs for the 2nd Quarter (Q2: July to September) of Financial Year 2025-26 (FY26).
Cumulative Profit:As per the GoI’s data, PSBs reported a cumulative profit ofRs 49,456crorein Q2FY26 (compared to Rs 45,547 crore in Q2FY25), registering a 9% Year-on-Year (Y-o-Y) increase despite two PSBs reporting a decline.
About Ministry of Finance (MoF):
Union Minister-NirmalaSitharaman (RajyaSabha- Karnataka)
Minister of State(MoS)-PankajChaudhary (Constituency- Maharajganj, Uttar Pradesh, UP)
IAS-2026 - OPTIONAL / GEOGRAPHY / PUBLIC ADMINISTRATION / SOCIOLOGY / ANTHROPOLOGY / ORIENTATION ON 03 & 04-10-2025 
