Mumbai, Feb. 7 -- Ministry of Finance stated in a latest update that the performance of Public Sector Bank has shown significant improvement on key financial parameters during the first three quarters of the current FY 2024-25. The PSBs recorded record net profit growth of 31.3% (y-o-y) to achieve highest ever aggregate net profit of Rs. 1,29,426 Crore and aggregate operating profit of Rs. 2,20,243 Crore, in first nine months of the financial year. Improved asset quality is visible from significantly low Net NPA ratio at 0.59% (Aggregate net NPA outstanding of Rs. 61,252 Crore).

The PSB's reported aggregate business growth of 11.0% (y-o-y), with improved aggregate deposit growth at 9.8% (y-o-y). Total aggregate business of PSBs reached R...