DIGIDHAN Mission Fuels 41% Digital Payment Growth, Banks See Record Profits

• Digital payment volumes reached 22,831 crore transactions in FY25, a 41% CAGR since FY18, driven by the DIGIDHAN Mission.
• Transaction value surged from Rs 1,962 lakh crore to Rs 3,509 lakh crore, indicating deeper digital adoption.
• Gross NPA ratio for scheduled commercial banks dropped to 2.22% in March 2025, a significant improvement from 2018.
• Provision coverage ratio for SCBs rose to 93.14% in March 2025, strengthening banks' ability to absorb risks.
• FY25 saw record net profits for SCBs (Rs 4.01 lakh crore) and PSBs (Rs 1.78 lakh crore), alongside enhanced financial inclusion.

Why It Matters: DIGIDHAN Mission propelled digital payments and banking reforms led to improved asset quality and record bank profits.