Chennai, Sep 12 (TIWN) India's public sector banks are stable now after the prompt corrective actions (PCA) when it was caught in turbulence, said Union Finance Minister Nirmala Sitharaman.

Speaking at the Tamilnad Mercantile Bank's (TMB) centenary celebrations in Tuticorin in Tamil Nadu on Sunday, Sitharaman said prior to 2014, the public sector banks were facing various problems.