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Last Updated:January 10, 2026, 3:13 pm IST FY25 saw SCBs net profit hit Rs 4.01 lakh crore and PSBs Rs 1.78 lakh crore. GNPA ratios fell, buffers improved, and digital payments surged to 22,831 crore transactions. Financial inclusion remains a priority through schemes like PMJDY, PMJJBY, PMSBY, MUDRA and Atal Pension Yojana, extending banking, insurance…
New Delhi: Government-owned India Infrastructure Finance Company Limited (IIFCL) has achieved its highest-ever profit after tax (PAT) of Rs 2,165 crore in the financial year 2024–25 (FY25), marking a strong 39 per cent increase from Rs 1,552 crore in the previous fiscal (FY24). This growth continues the company’s impressive financial momentum, with PAT rising nearly…
New Delhi: The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government. Moreover, SCBs recorded highest-ever aggregate net profit of Rs 23.50 lakh crore in FY2023-24, against a net profit…