NEW DELHI: Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25.
PSBs reported a 25% jump in their total net profit to ₹85,520 crore in the first half of 2024-25 compared to ₹68,500 crore in H1 FY23 and the trajectory is likely to continue in the second half as well.
Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on assets.
The Gross non-performing asset (NPA) ratio of PSBs has witnessed a remarkable improvement, declining to 3.12% in September 2024 from a peak of 14.58% in March 2018.
Esta historia es de la edición December 28, 2024 de Hindustan Times Jammu.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 28, 2024 de Hindustan Times Jammu.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Quad renews commitment to work towards free and open Indo-Pacific
The Quad will work together to respond to the future needs of the Indo-Pacific, including cooperation in key areas such as maritime security, counterterrorism and emerging technologies, the foreign ministers of the grouping said on Tuesday while marking the 20th anniversary of cooperation between India, Australia, Japan and the US.
SC Gives Punjab Govt Till Jan 2 To Admit Dallewal In Hospital
The Supreme Court on Tuesday extended time till January 2 for the Punjab government to comply with its order to hospitalise Jagjit Singh Dallewal, who has been on a hunger strike for over a month, after the state informed the court that the farmer leader is willing to receive medical aid if the Centre accepts his proposal for talks.
Malicious': Kerala CM condemns Maha min's comments about state
Kerala chief minister Pinarayi Vijayan on Tuesday vehemently criticised Maharashtra minister Nitesh Rane for calling Kerala a \"mini Pakistan\" and said his remarks were highly \"provocative and condemnable\".
Delhi logged cleanest Dec since 2015
DELHI RECORDED AN AVERAGE AQI READING OF 294 IN DECEMBER. THE CITY HAD SIX DAYS OF 'SEVERE' AIR, WHEN THE AQI CROSSES 400
Sheikh Abdullah's birth anniversary will be declared holiday: NC
National Conference (NC) leader Nasir Aslam Wani on Tuesday assured that next birth anniversary of party founder Sheikh Mohammad Abdullah will be announced as a holiday before December 5.
Two Bovine Smugglers Detained Under PSA in Udhampur
Two bovine smugglers were detained under the stringent Public Safety Act (PSA) in Jammu and Kashmir's Udhampur district on Tuesday, officials said.
HP to Start Milk Procurement Digitization in 10 Societies on Pilot Basis
The digitization of milk procurement is about to start in 10 societies on a pilot basis in Himachal Pradesh, said chief minister (CM) Sukhvinder Singh Sukhu after a review meeting of the animal husbandry department on Tuesday.
Mock drill tests readiness at south Kashmir rly stations
The police on Tuesday conducted a mock drill at railway stations and tunnels in south Kashmir ahead of the launch of the first Srinagar-Delhi train service, which is likely to be flagged off by Prime Minister Narendra Modi in January.
Waste near Kangra airport ups bird-hit risk
The airfield environment management committee of Kangra Airport at Gaggal in Kangra district of Himachal Pradesh has expressed serious concern over the disposal of meat waste and garbage by meat shops and other establishments into nearby rivers and streams.
IMD Predicts Snowfall This Week as Cold Wave Tightens Grip Over Valley
After last week's heavy snowfall, the cold wave conditions intensified across Kashmir on Tuesday, with the weather department predicting fresh spells of light to moderate snowfall in the valley over the next week.
