Finance Minister Nirmala Sitharaman said that the profit of public sector banks increased by three times

Meaning of twin balance sheet

The ‘twin-balance sheet’ problem means that the financial health of banks and corporates will decline at the same time. In this situation, both the borrower and the lender are under stress. On the other hand, if the borrowers are in a position to repay it, then it is a ‘twin-balance sheet’ benefit. Sitharaman said, “I am happy to say that the government’s The twin-balance sheet problem has been resolved due to the initiatives. Now the Reserve Bank believes that the Indian economy is benefiting from the twin-balance sheet.

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praise the government

He said that since 2014, the performance of public sector banks has improved due to various initiatives of the Modi government. All key parameters such as return on assets, net interest margin and provision coverage ratio have improved, he added.