India, Feb. 6 -- The Government of India issued the following news release:
The performance of Public Sector Banks has shown significant improvement on key financial parameters during the first three quarters of the current FY 2024-25. Highlights as on 31.12.2024, are as under -
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 visible from significantly low Net NPA ratio at 0.59% (Aggregate net NPA outstanding of Rs. 61,252 Crore)
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...