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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: Public sector banks (PSBs) in India recorded their highest-ever combined quarterly profit of Rs 44,218 crore in Q1 FY26, reflecting a robust 11 per cent year-on-year growth. The State Bank of India (SBI) was the main driver of the impressive performance, accounting for nearly 43 per cent of the total earnings. The 12…
New Delhi: Public Sector Banks (PSBs) in India registered their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said on Sunday. The gross non-performing assets (GNPA) ratio steeply declined, dropping to 3.12 per cent in September 2024. Demonstrating continued momentum, they registered a net profit…
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a “misrepresentation of facts” and an “insult to the hardworking employees and to the citizens” who benefit from a cleaner, stronger banking system. Banking sector, especially Public Sector Banks (PSBs), have seen a remarkable turnaround under the leadership of…