Finance Minister Nirmala Sitharaman, who speaks at the Bank of Maharashtra’s 91st Foundation Day in Pune, said that the economic resilience of India is continuing with the GDP that is growing 7.8% in Q1 FY25-26. She has proactively credited tax policy, structural reforms and robust infrastructure growth for maintaining momentum. (a file photo) Photocredit: Manvender Vashist LAV/PTI
The economic resilience of India has continued, in particular in the quarterly from April to June this year, where our GDP has grown by 7.8 percent, said Finance Minister Nirmala Sitharaman as he spoke at the Bank of Maharashtra’s 91st Foundation Day event in Pune. She said that the GST reform of the next generation has given priority to the common man, and banks must play an important role in building the trust of people, especially the youth.
“In the midst of this uncertain worldwide environment, the resilience of India stands out. Various favorable factors, such as strong macro-economic foundations, a young demography and a greater dependence on domestic demand, offer the Indian economy nuclear strength to resist the worldwide spilloovers and to grow at a higher aspiring route. Growth of approximately 8 percent in 2021-22224-22024-25 The fastest growing major economy in the world.
Windfulness supported by reforms, upgrades of reviews
The minister added that the resilience of India was not coincidental, which was a reflection of proactive tax and monetary policy, daring structural reforms, massive infrastructure creation – both physically and digitally – improved the administration and competitiveness in the past decades.
“S&P Upgraded India’s Sovereign Credit Rating to ‘BBB’ (From BBB-) In August 2025 After 18 years, and Morningstar DBRS Upgraded US to ‘BBB’ From BBB (Low) in May 2025. The Japanese, Rating agency, Rating Egennit Upgraded India’s long-term Sovereign Credit Rating to ‘BBB+’ From ‘BBB’, the minister said.
“Because uncertainty remains a determining feature of the global landscape, the role of banks becomes even more critical, not only as preservators of savings, but as engines of growth, offering the finances and support that companies and entrepreneurs should navigate, navigate to navigate volatility, grab opportunities and stimulate innovation,” she said.
BOM -Performance
She stated that the Bank of Maharashtra’s return on assets (ROA) of 1.8 percent in FY 2024-25 is considerably ahead of the average ROA of PSBs, which was 1.1 percent. The costs for the Bank’s income ratio for FY 2024-25 are 38.4 percent, which is not only the lowest among banks in the public sector (PSBs), where the average CIR is 50.1 percent, but also exceeds the majority of private sector banks. Moreover, a CIR under 40 percent worldwide is considered an excellent benchmark.
“Likewise, the Casa ratio of the bank of 53.3 percent is the highest among banks in the public sector (PSBs), where the average Casa ratio is 38.8 percent, and it also surpasses the majority of the private sector banks. The gross NPA amounted to 1.74 percent and net npass,” she stood, “it.
Sitharaman said that Bank or Maharashtra’s coverage ratio improved to 98.36 percent. The total company grew by more than 14 percent on Jojbasis to £ 5.46 Lakh Crore, and the total deposits rose by more than 14 percent on ybase to more than £ 3 Lakh Crore. RAM (Retail, Agri and MSME) Business improved to 62.10 percent of gross progress. Retail pre -bitches grew by 35 percent to £ 71,966 crore on YOY -Basis. MSME -Prevention grew by 5.65 percent on Jojbasis.
Published on September 25, 2025
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